October 23, 2021
The Nobel Prize (Swedish: Nobelpriset, Norwegian: Nobelprisen, English: Nobel Prize) is awarded annually to a person who has contributed academically to the development of human civilization according to a will written in 1895 by Alfred Nobel of Sweden, the inventor of dynamite. Established in 1901, the Nobel Prize in Physics, the Nobel Prize in Chemistry, the Nobel Prize in Physiology or Medicine, the Nobel Prize in Literature, and the Nobel Peace Prize. The Nobel Prize in Economics was awarded only in 1969. For more information on who has won the Nobel Prize, see List of Nobel Laureates. The Nobel Peace Prize is awarded in Oslo, Norway, while other awards are awarded in Stockholm, Sweden. Each award is considered very prestigious in its field. In 1968, the National Bank of Sweden established the award, commonly referred to as the Nobel Prize in Economics, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. . Unlike the Nobel Prize in English for the other five categories established by Nobel's will, this award is written as the Sveriges Riksbank Prize because it is the Swedish Central Bank Award. The National Bank of Sweden Prize in Economics was created in commemoration of Alfred Nobel. This award was first awarded in 1969, and the announcement of the winners and awards are held like any other Nobel Prize. All others began to be awarded in 1901. The Royal Swedish Academy of Sciences decides the winners of the Nobel Prize in Physics, the Nobel Prize in Chemistry, and the Nobel Prize in Economics, established in 1968 (“The Swedish Central Bank Award for Economics in Memory of Alfred Nobel”). The Nobel Assembly at Karolinska Medical University decides the winners of the Nobel Prize in Physiology or Medicine. The Swedish Academy awarded the Nobel Prize for Literature. Unlike other awards, the Nobel Peace Prize is awarded by the Norwegian Nobel Committee, not by a Swedish organization. Nobel Prize winners receive a gold medal and a certificate of recognition, as well as a prize depending on the proceeds of the Nobel Foundation. In 2011, the prize money was about 10 million kr (about $ 1.45 million) in Swedish krona. A Nobel Prize is not awarded to a person who has already died. No more than 3 people will be awarded jointly.