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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—Ralph Waldo Emerson (1803–1882)
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