Nature of The Award
Some media refer to the prize as the Alternative Nobel Prize,. The prize is frequently understood as a critique of the traditional Nobel prizes.
The prize differs significantly from the Nobel Prizes:
- similar to the Sveriges Riksbank economics prize, it is not a fulfillment of Alfred Nobel's bequest and thus not one of Nobel's own prizes
- it has an open nomination process (anyone can nominate anyone else, except close relatives or their own organizations);
- it is not limited to specific categories.
- its prize money is considerably lower than the one of the Nobel Prize. Currently it is 200,000 € compared to about 1,000,000 € for a Nobel Prize.
- the funds for the prizes are continually acquired by donations, while the Nobel Prizes come from the revenue of Alfred Nobel's fortune. The economics prize is financed by Sveriges Riksbank.
Read more about this topic: Right Livelihood Award
Famous quotes containing the words nature of the, nature and/or award:
“It is not women’s fault if we are so tender. It is in the nature of the lives we live. And further, it would be a terrible catastrophe if men had to live men’s lives and women’s also. Which is precisely what has happened today—to women.”
—Selma James (b. 1930)
“Therefore is nature ever the ally of Religion: lends her all her pomp and riches to the religious sentiment.”
—Ralph Waldo Emerson (1803–1882)
“The award of a pure gold medal for poetry would flatter the recipient unduly: no poem ever attains such carat purity.”
—Robert Graves (1895–1985)