Nobel Prize

The Nobel Prizes are prizes instituted by the will of Alfred Nobel, awarded to people (and also to organizations in the case of the Nobel Peace Prize) who have done outstanding research, invented groundbreaking techniques or equipment, or made outstanding contributions to society. The Nobel Prizes, which are generally awarded annually in the categories listed below, are widely regarded as the supreme commendation in the world today.

Prize categories

• Nobel Prize in Physics (decided by the Royal Swedish Academy of Sciences)
• Nobel Prize in Chemistry (decided by the Royal Swedish Academy of Sciences)
• Nobel Prize in Physiology or Medicine (decided by the Karolinska Institutet)
• Nobel Prize for Literature (decided by the Swedish Academy)
• Nobel Peace Prize (decided by the Norwegian Nobel Committee, appointed by the Norwegian Parliament, Stortinget)
• Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (decided by the Royal Swedish Academy of Sciences)

The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, sometimes refered to as the Nobel prize in economics, was not a part of Nobel's will. It was instituted in 1969 by Sveriges Riksbank, the Bank of Sweden. Since this prize has no foundation in Nobel's will, and is not paid for by his money, it is technically not a Nobel Prize, and the present Nobel family does not accept it as such. However, it is awarded together with the other Nobel prizes.

Related Topics:
Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel - 1969 - Sveriges Riksbank

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