Who established the Nobel Prize in Economics?
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, commonly known as the Nobel Prize in Economics, was established in 1968 by the Central Bank of Sweden. It recognizes individuals who have made outstanding contributions to the field of economics.
Share
The Nobel Prize in Economics was not established by Alfred Nobel. It was created later in his memory. The correct answer is (c) Nobel Committee, Central Bank of Sweden.
In 1968, the Sveriges Riksbank (the central bank of Sweden) established the Prize in Economic Sciences in Memory of Alfred Nobel. The Nobel Committee for Economic Sciences was then formed to award the prize. While it shares the name “Nobel Prize,” it is technically not one of the original prizes mentioned in Alfred Nobel’s will. The decision to establish this prize was influenced by Nobel’s bequest and the desire to recognize contributions to the field of economics in a manner similar to the original Nobel Prizes. The first Nobel Prize in Economic Sciences was awarded in 1969.