Nobel memorial prize in economics to be awarded in Stockholm
Summary
The Royal Swedish Academy of Sciences will announce the Nobel memorial prize in economics in Stockholm on Monday. This prize, established in 1968 by Sweden’s central bank, is the last of the Nobel-related awards announced each year and is given for achievements in economic science.Key Facts
- The Nobel memorial prize in economics is awarded in Stockholm.
- It is officially called the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
- The prize was created by Sweden’s central bank in 1968.
- The award is given alongside the other Nobel Prizes but is not one of the original Nobel Prizes.
- The prize money this year is 12 million Swedish kronor, about $1.2 million.
- Last year’s winners studied how new inventions help the economy grow but may harm old companies.
- The other Nobel Prizes in medicine, physics, chemistry, literature, and peace were announced last week.
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