Nature of The Award
Some media refer to the prize as the Alternative Nobel Prize,. The prize is frequently understood as a critique of the traditional Nobel prizes.
The prize differs significantly from the Nobel Prizes:
- similar to the Sveriges Riksbank economics prize, it is not a fulfillment of Alfred Nobel's bequest and thus not one of Nobel's own prizes
- it has an open nomination process (anyone can nominate anyone else, except close relatives or their own organizations);
- it is not limited to specific categories.
- its prize money is considerably lower than the one of the Nobel Prize. Currently it is 200,000 € compared to about 1,000,000 € for a Nobel Prize.
- the funds for the prizes are continually acquired by donations, while the Nobel Prizes come from the revenue of Alfred Nobel's fortune. The economics prize is financed by Sveriges Riksbank.
Read more about this topic: Right Livelihood Award
Famous quotes containing the words nature of, nature and/or award:
“When a Man is in a serious Mood, and ponders upon his own Make, with a Retrospect to the Actions of his Life, and the many fatal Miscarriages in it, which he owes to ungoverned Passions, he is then apt to say to himself, That Experience has guarded him against such Errors for the future: But Nature often recurs in Spite of his best Resolutions, and it is to the very End of our Days a Struggle between our Reason and our Temper, which shall have the Empire over us.”
—Richard Steele (1672–1729)
“I am a leader by default, only because nature does not allow a vacuum.”
—Desmond Tutu (b. 1931)
“The award of a pure gold medal for poetry would flatter the recipient unduly: no poem ever attains such carat purity.”
—Robert Graves (1895–1985)