The Prize Awarders
Who selects the Prize Winners? In his last will and testament, Alfred Nobel specifically designated the institutions responsible for the prizes he wished to be established: The Royal Swedish Academy of Sciences for the Prize in Physics and Chemistry, Karolinska Institute for the Prize in Physiology or Medicine, the Swedish Academy for the Prize in Literature, and a Committee of five persons to be elected by the Norwegian Parliament (Storting) for the Peace Prize. In 1968, the Sveriges Riksbank established the Prize in Economics in Memory of Alfred Nobel. The Royal Swedish Academy of Sciences was given the task to select the Economics Prize Winners starting in 1969.