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NOBEL PRIZE

Nobel Prize is a prestigious prize awarded separately in six different fields “to those who, during the preceding year, have conferred the greatest benefit to humankind”. Originally, the prize was awarded in the fields of Physics, Chemistry, Physiology or Medicine, Literature, and Peace. The Peace Prize was characterised as “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". Later in 1968, a sixth prize was added in the field of economic sciences. The Prize is officially not a Nobel Prize but it is called as "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel". It was established by Sveriges Riksbank (Sweden’s central bank).

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