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Founded
one hundred years ago by the inventor of dynamite, the Nobel Prize is
the world's most celebrated and controversial honor. It grants its winners
instant celebrity and acclaim for "service to mankind," despite accusations
that it is too trendy, arbitrary, and narrow-minded. It is - of course
- the famous international award given yearly since 1901 for achievements
in physics, chemistry, medicine, literature and peace. The prize consists
of a medal, a personal diploma, and a prize amount. In 1968, the Sveriges
Riksbank (Bank of Sweden) instituted the Prize in Economic Sciences in
memory of Alfred Nobel, founder of the Nobel Prize.
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