Relation To The Nobel Prizes
The Prize in Economics is not one of the original Nobel Prizes created by the will of Alfred Nobel. However, the nomination process, selection criteria, and awards presentation of the Prize in Economic Sciences are performed in a manner similar to that of the Nobel Prizes. The Prize is awarded by the Royal Swedish Academy of Sciences "in accordance with the rules governing the award of the Nobel Prizes instituted through his will", which stipulates that the prize be awarded annually to "those who ... shall have conferred the greatest benefit on mankind". The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is the only non-Nobel prize that has ever been associated officially with the Nobel Foundation.
Read more about this topic: Nobel Memorial Prize In Economic Sciences
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“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (18121870)
“Concord is just as idiotic as ever in relation to the spirits and their knockings. Most people here believe in a spiritual world ... in spirits which the very bullfrogs in our meadows would blackball. Their evil genius is seeing how low it can degrade them. The hooting of owls, the croaking of frogs, is celestial wisdom in comparison.”
—Henry David Thoreau (18171862)
“Every word was once a poem. Every new relation is a new word.”
—Ralph Waldo Emerson (18031882)
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The gifts she looks from me are packed and locked
Up in my heart, which I have given already,
But not delivered.”
—William Shakespeare (15641616)