“Economics is a strange science. Our subject deals with some of the mos...” — Dale T. Mortensen Quote

“Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.”

“As the future is never known with certainty, the evaluation of the prospective benefits requires the formation of expectations. An acceptable house, partner or job, then, is one that offers an expected stream of future benefit that has a value in excess of the option to continue to search for an even better alternative.”

“In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables.”

“I became a member of the faculty at Northwestern University in 1965 but did not complete my thesis until two years later at a graduate ceremony at which Carnegie Institute of Technology became Carnegie-Mellon University. At Northwestern, I was mentored by the 'three Bobs:' Robert Eisner, Robert Strotz and Robert Clower.”

“I was a good student with mathematical ability and interests. As such, I took the usual college preparatory program in high school for one looking to become an engineer: all the available courses in mathematics and science.”

“Have we learned, for instance, how to take -but not too much? And what's too much?”

“We are all a complete mixture;yet at the same time,we are all related.Each gene can trace its own journey to a different common ancestor.This is a quite extraordinary legacy that we all have inherited from the people who lived before us.Our genes did not just appear when we were born.They have been carried to us by millions of individual lives over thousands of generations.”

“All science is either physics or stamp collecting.”

“We need a life-centric understanding of truth, not truth-centric understanding of life.”

“Truth raises more questions than answers, whereas lies are snugly, sure and doubtless.”

“The universe—or at least the sentient constituents of it—comes to know itself through hermeneutic mediation. Put more personally, we come to know—and even become—ourselves through interacting with the world. You would not be able”