Wednesday, May 8, 2024

The winner of the Nobel memorial economics prize is set to be announced in Sweden



STOCKHOLM – The Nobel Memorial Prize in Economic Sciences, the ultimate prize of this yr’s Nobels season, is set to be announced in Stockholm on Monday.

The winner or winners unveiled by means of The Royal Swedish Academy of Sciences practice the awards in drugs, physics, chemistry, literature and peace that have been announced final week.

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The economics award was once created in 1968 by means of Sweden’s central financial institution and is officially referred to as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.

Last yr’s winners have been former Federal Reserve Chair Ben Bernanke, Douglas W. Diamond and Philip Dybvig for his or her analysis into financial institution disasters that contributed to shaping America’s competitive reaction to the 2007-2008 monetary disaster.

Only two of the 92 economics laureates venerated were ladies.

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Every week in the past, Hungarian-American Katalin Karikó and American Drew Weissman received the Nobel Prize in medicine. The physics prize went Tuesday to French-Swedish physicist Anne L’Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz.

U.S. scientists Moungi Bawendi, Louis Brus and Alexei Ekimov received the chemistry prize on Wednesday. They have been adopted by means of Norwegian creator Jon Fosse, who was once awarded the prize for literature. And on Friday, jailed Iranian activist Narges Mohammadi received the peace prize.

The prizes are passed out at awards ceremonies in December in Oslo and Stockholm. They elevate a cash award of 11 million Swedish kronor (about $1 million). Winners additionally obtain an 18-carat gold medal and degree.

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