The Nobel Prize (Swedish: 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.[1] 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.[2] 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.[3]

A recipient of the Nobel Prize (called a laureate) earns a gold medal, a diploma bearing a citation and a sum of money.[4] The amount of money awarded depends on the income of the Nobel Foundation that year. In 2009, the amount was 10 million SEK (US$1.4 million) per prize.[5] If a prize is awarded to more than one laureate, the money is either split evenly among them or, for three laureates, it may be divided into a half and two quarters.[6]

The prizes are awarded by different associations. The Nobel Prize in Physics, Nobel Prize in Chemistry, and Nobel Memorial Prize in Economic Sciences are awarded by the Royal Swedish Academy of Sciences; the Nobel Prize in Physiology or Medicine is awarded by the Nobel Assembly at (the) Karolinska Institutet; and the Nobel Prize in Literature is granted by the Swedish Academy.[7][8] The Nobel Peace Prize is not awarded by a Swedish organisation, but rather by the Norwegian Nobel Committee.[7][8]

The Nobel Prize has been criticised for not always choosing the best candidates, the lack of a Nobel Peace prize for Mahatma Gandhi, being one example.[9] Also controversial is the strict rule against a prize being awarded to more than three people at once. This inevitably means one or more people will not be recognised if a notable achievement is accomplished by a team of collaborators.[10] Similarly, the prohibition of posthumous awards fails to recognise achievements by a collaborator who happens to die before the prize is awarded.[11][12]

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Nobel Prize winner tells lending story - SU The Daily Orange (subscription)
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Nobel Prize winner tells lending story

SU The Daily Orange (subscription)

The bank owned by Nobel Peace Prize winner Muhammad Yunus has given loans to 1000 beggars in Bangladesh during the past four years. ...
Google News Search: Nobel Prize,
Thu Feb 25 00:51:55 2010
Nobel
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Sat Jan 30 18:37:08 2010
Savvy Chick Internet Nominated for Nobel Prize 2010
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Savvy Chick Internet Nominated for Nobel Prize 2010

Savvy Chick

Sat, 13 Mar 2010 23:30:06 GM

So, it wouldn't be a surprise if the Global Network also called as Internet is nominated for the . Noble Prize. . Yes, The Norwegian Nobel Institute's news reveals that the 2010 . Nobel Prize. has 237 nominees. ...

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Mon Mar 15 05:34:07 2010