Nobel Prize

The Nobel Prize (Swedish pronunciation: [nʊˈbɛl], Swedish definite form, singular: Nobelpriset; Norwegian: Nobelprisen) is a set of annual international awards bestowed in a number of categories by Swedish and Norwegian committees in recognition of academic, cultural and/or scientific advances.

The will of the Swedish inventor Alfred Nobel established the prizes in 1895. The prizes in Chemistry, Literature, Peace, Physics, and Physiology or Medicine were first awarded in 1901. The related Nobel Memorial Prize in Economic Sciences was established by Sweden's central bank in 1968. Medals made before 1980 were struck in 23 carat gold, and later from 18 carat green gold plated with a 24 carat gold coating. Between 1901 and 2015, the Nobel Prizes and the Prize in Economic Sciences were awarded 573 times to 900 people and organizations. With some receiving the Nobel Prize more than once, this makes a total of 870 individuals (822 men and 48 women) and 23 organizations.

The prize ceremonies take place annually in Stockholm, Sweden, except for the peace prize which is held in Oslo, Norway and each recipient, or laureate, receives a gold medal, a diploma and a sum of money that has been decided by the Nobel Foundation. (As of 2012, each prize was worth SEK8 million or about US$1.2 million, €0.93 million or £0.6 million.) The Nobel Prize is widely regarded as the most prestigious award available in the fields of literature, medicine, physics, chemistry, peace, and economics.

Nobel Prize in Literature

Since 1901, the Nobel Prize in Literature (Swedish: Nobelpriset i litteratur) has been awarded annually to an author from any country who has, in the words of the will of Alfred Nobel, produced "in the field of literature the most outstanding work in an ideal direction" (original Swedish: den som inom litteraturen har producerat det mest framstående verket i en idealisk riktning). Though individual works are sometimes cited as being particularly noteworthy, here "work" refers to an author's work as a whole. The Swedish Academy decides who, if anyone, will receive the prize in any given year. The academy announces the name of the chosen laureate in early October. It is one of the five Nobel Prizes established by the will of Alfred Nobel in 1895; the others are the Nobel Prize in Chemistry, Nobel Prize in Physics, Nobel Peace Prize, and Nobel Prize in Physiology or Medicine.

Nobel's choice of emphasis on idealism in his criteria for the Nobel Prize in Literature has led to recurrent controversy. In the original Swedish, the word idealisk translates as either "idealistic" or "ideal". In the early twentieth century, the Nobel Committee interpreted the intent of the will strictly. For this reason, they did not award certain world-renowned authors of the time such as James Joyce, Leo Tolstoy, Anton Chekhov, Marcel Proust, Henrik Ibsen, and Henry James. More recently, the wording has been more liberally interpreted. Thus, the prize is now awarded both for lasting literary merit and for evidence of consistent idealism on some significant level. In recent years, this means a kind of idealism championing human rights on a broad scale. Hence the award is now arguably more political.