NOBEL PRIZES IN ECONOMIC SCIENCES
Abstract
The official name of the Nobel Prize is «The Sveriges Riksbank (Bank of Sweden) Prize in Economic Sciences in Memory of Alfred Nobel». Under his will, signed on November 27, 1895, a year before his death, Alfred Nobel conferred his estate to attain some of the goals to which he had devoted so much of his life. Nobel stipulated in his will that most of his fortune, more than SKr 31 million (today approximately SKr 1.500 million or Euro 163.576.880) should be converted into a fund with investments. The income from the investments was to be distributed yearly in five equal parts as prizes to those who had most helped humankind during the preceding year. A prize was to be awarded in each of five fields: physics, chemistry, physiology (or medicine), literature and peace.
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