Nobel Prize

The Nobel Prize (Nobelpriset) is an annual, international award originating in Sweden. The award was established in 1895 by the Swedish chemist and inventor of dynamite Alfred Bernhard Nobel. It was first awarded in 1901 for achievements in Physics, Chemistry, Physiology or Medicine, Literature, and Peace. An associated prize, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was instituted by Sweden's central bank in 1968 and first awarded in 1969. Although the Nobel Prize in Economics is not technically a Nobel Prize, its winners are announced with the Nobel Prize recipients and it is presented at the Nobel Prize Award Ceremony. The Nobel Prizes in the specific disciplines (physics, chemistry, physiology or medicine, and literature) and the Prize in Economics are widely regarded as the most prestigious award one can receive in those fields.