The Nobel Prize The Nobel prize is the first international award given out every year since 1901. Physics, chemistry, medicine, literature and peace are the five prizes to be won. In 1968, the Sveriges Riksbank, The Bank of Sweden, instituted the Prize in Economic Sciences in memory of Alfred Nobel, founder of the Nobel Prize. In the beginning, more than three prize winners could share a Nobel Prize, although this was never practiced. In 1968, the number of …showed first 75 words of 313 total…

…showed last 75 words of 313 total…Economics medal has no quotation at all on the reverse. Up to 1980, the three Swedish medals were made with 23 k gold and weighed approximately 200g. Now they are made of 18 k green gold plated with 24 k gold. Amartya Sen Amartya Sen was the winner of the Nobel Economics prize in 1998. When he won, he earned a diploma that looked like this: And 7,600,000. The reason he won was because of his contributes to the welfare economics.