A Prize That's Relatively Young.

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  • Author(s): Sommer, Jeff
  • Source:
    New York Times. 12/4/2011, Vol. 161 Issue 55609, p6. 0p.
  • Additional Information
    • Subject Terms:
      AWARDS; NOBEL Prizes; TINBERGEN, Jan
    • Abstract:
      When the first Nobel Prizes were presented on Dec. 10, 1901, the award for economics wasn't one of them. The original five were for achievements in physics, chemistry, medicine and literature, and in pursuit of peace. The sixth, formally known as the ''the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel,'' was established by Sweden's central bank and first granted in 1969. Like the other prizes, this one is awarded by the Royal Swedish Academy of Sciences. The initial laureates were Ragnar Frisch and Jan Tinbergen. The prizes include a medal, a personal diploma and a cash award, now 10 million kronor -- almost $1.5 million at current exchange rates. JEFF SOMMER [ABSTRACT FROM PUBLISHER]
    • Abstract:
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