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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.


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."




Further reading


Documentaries, videos and podcasts





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The Indian Express
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TIME and one of the world's most beautiful bookstores are joining together for a new exhibit, celebrating the greatest authors of the 20th and 21st centuries. The "What Makes a Nobel?" exhibit, which opens at the Livraria Lello in Porto, Portugal, aims to not only showcase the winners of the Nobel Prize in Literature through the covers of TIME, but also those writers who "could have" received the world's top literary award. The Nobel Prize in Literature was first awarded in 1901 to Frenc...
May 26, 2021
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The fake message has been attributed to French virologist and Nobel Prize winner Luc Montagnier and has been doing the rounds on WhatsApp.
April 16, 2021
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
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March 15, 2021
Fox News
Curie continued to break barriers after death when she was nominated to be the first woman enshrined in the Panthéon in Paris.
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March 9, 2021
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March 8, 2021
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January 28, 2021
BERLIN (AP) -- Paul J. Crutzen, a Dutch scientist who won the Nobel Prize for chemistry for his work understanding the ozone hole and is credited with coining the term Anthropocene to describe the...
January 28, 2021
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January 28, 2021
BERLIN (AP) -- Paul J. Crutzen, a Dutch scientist who won the Nobel Prize for chemistry...
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January 22, 2021
/PRNewswire/ -- Today, five Nobel Laureates and more than 3,000 scientists from over 100 countries signed up to the "Groningen Science Declaration" calling on...
Press Trust of India
December 1, 2020
The Nobel prize week this year will primarily be digital with laureates getting their medals and diplomas in their respective countries in the wake of the COVID-19 pandemic
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November 19, 2020
Dr. Zi Yang Meng from the Division of Physics and Astronomy, Faculty of Science, the University of Hong Kong (HKU), is pursuing a new paradigm of quantum material research that combines theory, computation and experiment in a coherent manner. Recently, he teamed up with Dr. Wei LI from Beihang University, Professor Yang Qi from Fudan University, Professor Weiqiang YU from Renmin University and Professor Jinsheng Wen from Nanjing University to untangle the puzzle of Nobel Prize-winning theory Kosterlitz-Thouless (KT) phase.
October 8, 2020
The Hindu
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October 6, 2020
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Scientific American
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