Nobel Memorial Prize in Economic Sciences - Relation To The Nobel Prizes

Relation To The Nobel Prizes

The Prize in Economics is not one of the original Nobel Prizes created by the will of Alfred Nobel. However, the nomination process, selection criteria, and awards presentation of the Prize in Economic Sciences are performed in a manner similar to that of the Nobel Prizes. The Prize is awarded by the Royal Swedish Academy of Sciences "in accordance with the rules governing the award of the Nobel Prizes instituted through his will", which stipulates that the prize be awarded annually to "those who ... shall have conferred the greatest benefit on mankind". The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is the only non-Nobel prize that has ever been associated officially with the Nobel Foundation.

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    Science is the language of the temporal world; love is that of the spiritual world. Man, indeed, describes more than he explains; while the angelic spirit sees and understands. Science saddens man; love enraptures the angel; science is still seeking, love has found. Man judges of nature in relation to itself; the angelic spirit judges of it in relation to heaven. In short to the spirits everything speaks.
    Honoré De Balzac (1799–1850)

    Science is the language of the temporal world; love is that of the spiritual world. Man, indeed, describes more than he explains; while the angelic spirit sees and understands. Science saddens man; love enraptures the angel; science is still seeking, love has found. Man judges of nature in relation to itself; the angelic spirit judges of it in relation to heaven. In short to the spirits everything speaks.
    Honoré De Balzac (1799–1850)

    Parents can fail to cheer your successes as wildly as you expected, pointing out that you are sharing your Nobel Prize with a couple of other people, or that your Oscar was for supporting actress, not really for a starring role. More subtly, they can cheer your successes too wildly, forcing you into the awkward realization that your achievement of merely graduating or getting the promotion did not warrant the fireworks and brass band.
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    She prizes not such trifles as these are.
    The gifts she looks from me are packed and locked
    Up in my heart, which I have given already,
    But not delivered.
    William Shakespeare (1564–1616)