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Nobel Prize

Overview

The Nobel Prizes are awards administered by the Nobel Foundation and granted in accordance with the principle of "for the greatest benefit to humankind". The prizes were first awarded in 1901, marking the fifth anniversary of Alfred Nobel's death. The original Nobel Prizes covered five fields: physics, chemistry, physiology or medicine, literature, and peace, specified in Nobel's will. A sixth prize, the Prize in Economic Sciences, was established in 1968 by Sveriges Riksbank (Sweden's central bank) in memory of Alfred Nobel. The Nobel Prizes are widely regarded as the most prestigious awards available in their respective fields.

Except in extraordinary circumstances, such as war, all six prizes are given annually. Each recipient, known as a laureate, receives a green gold medal plated with 24 karat gold, a diploma, and a monetary award. As of 2023, the Nobel Prize monetary award is 11,000,000 kr, equivalent to approximately US$1,035,000. No more than three individuals may share a prize, although the Nobel Peace Prize can be awarded to organisations of more than three people. Nobel Prizes are not awarded posthumously, but if a person is awarded a prize and dies before receiving it, the prize is presented.

Between 1901 and 2024, the five Nobel Prizes and the Prize in Economic Sciences (since 1969) were awarded 627 times to 1,012 people and organisations. Five individuals and two organisations have received more than one Nobel Prize.

Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).

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  1. Upon the same revenue, more money can always be raised by tontines than by annuities for separate lives. An annuity, with a right of survivorship, is really worth more than an equal annuity for a separate life; and, from the confidence which every man naturally has in his own good fortune, the principle upon which is founded the success of all lotteries, such an annuity generally sells for something more than it is…

    Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations

    States what Nobel Prize is.

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  2. Benefits Bestowed For Fear, Are Not Rewards The benefits which a Soveraign bestoweth on a Subject, for fear of some power, and ability he hath to do hurt to the Common-wealth, are not properly Rewards; for they are not Salaryes; because there is in this case no contract supposed, every man being obliged already not to do the Common-wealth disservice: nor are they Graces; because they be extorted by feare, which…

    Thomas Hobbes, Leviathan

    States what Nobel Prize is.

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  3. Here we have in the most express terms the recognition of a final and permanent standard with reference to which the nature of happiness is determined, and the standard is one of social relationships. To be sure it is claimed that the standard is one which results in greatest happiness, but every ethical theory has always claimed that the ideal moral condition would be accompanied by the maximum possible happiness…

    John Dewey, Outlines of a Critical Theory of Ethics

    States what Nobel Prize is.

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Philosophers who discussed Nobel Prize

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