The Nobel Prizes are annual international awards bestowed by Scandinavian committees in recognition of the cultural and scientific advances. The will of the Swedish chemist Alfred Nobel, the inventor of dynamite, established the prizes in 1895. The prizes in Physics, Chemistry, Physiology or Medicine, Literature, and Peace were first awarded in 1901.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was instituted by Sveriges Riksbank in 1968 and was first awarded in 1969. Although technically not a Nobel Prize, its announcements and presentations are made along with the other prizes, with the exception of the Peace Prize which is awarded in Oslo, Norway. Each Nobel Prize is regarded as the most prestigious award in its field. Read More