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Nobel Prize

Nobel Prize

Set of annual international awards, established in 1895 by Alfred Nobel

In his will, Alfred Nobel established five prizes:

In 1968, the Sveriges Riksbank established a prize for Economics in the memory of Alfred Nobel. That award (like the others) is awarded by the Royal Swedish Academy of Sciences, according to the same principles as the other Nobel Prizes.

Nobel Prizes

History

On November 27, 1895, Alfred Nobel signed his third and last will at the Swedish-Norwegian Club in Paris. When it was opened and read after his death, the will caused a lot of controversy both in Sweden and internationally, as Nobel had left much of his wealth for the establishment of a prize. His family opposed the establishment of the Nobel Prize, and the prize awarders he named refused to do what he had requested in his will. It was five years before the first Nobel Prize could be awarded in 1901.

In this excerpt of the will, Alfred Nobel dictates that his entire remaining estate should be used to endow "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind"

"All of my remaining realisable assets are to be disbursed as follows: the capital, converted to safe securities by my executors, is to constitute a fund, the interest on which is to be distributed annually as prizes to those who, during the preceding year, have conferred the greatest benefit to humankind.

The interest is to be divided into five equal parts and distributed as follows:

one part to the person who made the most important discovery or invention in the field of physics;

one part to the person who made the most important chemical discovery or improvement;

one part to the person who made the most important discovery within the domain of physiology or medicine;

one part to the person who, in the field of literature, produced the most outstanding work in an idealistic direction;

and one part to the person who has done the most or best to advance fellowship among nations, the abolition or reduction of standing armies, and the establishment and promotion of peace congresses.

The prizes for physics and chemistry are to be awarded by the Swedish Academy of Sciences;

that for physiological or medical achievements by the Karolinska Institute in Stockholm;

that for literature by the Academy in Stockholm;

and that for champions of peace by a committee of five persons to be selected by the Norwegian Storting.

It is my express wish that when awarding the prizes, no consideration be given to nationality, but that the prize be awarded to the worthiest person, whether or not they are Scandinavian."

Timeline

Further Resources

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News

Title
Author
Date
Publisher
Description
December 6, 2021
AP NEWS
LONDON (AP) -- Winners of the 2021 Nobel Prizes will start receiving their awards on Monday in scaled-down local ceremonies adapted for pandemic times.For a second year, the coronavirus has scuttled the traditional formal banquet in Stockholm attended by winners of the prizes in chemistry, physics, medicine, literature and economics.
The Associated Press
October 11, 2021
CTVNews
Canadian economist David Card is among the three winners of the 2021 Nobel prize for economics on Monday for pioneering research on the labour market impacts of minimum wage, immigration and education.
Katyanna Quach
October 7, 2021
go.theregister.com
20m Swedish kronor - close to 2 million quid - to be shared
By DAVID KEYTON, FRANK JORDANS and CHRISTINA LARSON, Associated Press
October 6, 2021
Chron
STOCKHOLM (AP) - Two scientists won the Nobel Prize for chemistry Wednesday for finding...
By DAVID KEYTON and FRANK JORDANS
October 6, 2021
AP NEWS
STOCKHOLM (AP) -- Two scientists won the Nobel Prize for chemistry Wednesday for finding an "ingenious" new way to build molecules that can be used to make everything from medicines to food flavorings.
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References

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