Question

In which year was the nobel prize for economics announced for the first time?

Answer 1

The will of the Swedish scientist Alfred Nobelestablished the prizes in 1895. The prizes inChemistry, Literature, Peace, Physics, andPhysiology or Medicine were first awarded in 1901. In 1968, Sveriges Riksbank(Sweden's central bank) established theSveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, which has been commonly known as the Nobel Prize in Economics.The Nobel Prize is widely regarded as the most prestigious award available in the fields of literature, medicine, physics, chemistry, economics and activism for peace.