Alumnus and Nobel Prize winner visits campus
Dale Mortensen, graduate of the class of 1961, shares the 2010 Nobel Memorial Prize in Economics Sciences for his work with Peter A. Diamond and Christopher Pissarides.
Mortensen, who is a professor of economics at Northwestern University, visited campus on Sept. 14-15 to relay his experiences and present the basic Diamond-Mortensen-Pissarides model of the aggregate labor market. The three men pioneered a theory that helps explain why people remain unemployed despite many job vacancies.
After his time in the classroom and the lecture hall, Mortensen joined fellow alumni to celebrate their 50th-year reunion during Alumni Weekend. Mortensen is also the recipient of Willamette's 2011 Distinguished Alumni Citation award.