The Nobel Prize is a set of annual international awards bestowed in several categories by Swedish and Norwegian institutions in recognition of academic, cultural or scientific advances. The will of the Swedish scientist Alfred Nobel established the five Nobel prizes in 1895. The prizes in Chemistry, Literature, Peace, Physics and Physiology or Medicine were first awarded in 1901. In 1968, Sweden's central bank, Sveriges Riksbank, established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, which, although not being a Nobel Prize, has become informally known as the "Nobel Prize in Economics". The prizes are widely regarded as the most prestigious awards available in the respective fields.
Comments on Vernon Smith's Nobel Prize and about the firing of Treasury Secretary Paul O'Neill
Lengthy biographical essay, with extensive quotes both from Hayek and others (including Keynes)
The introductory paragraph uses material from the Wikipedia article "Nobel Prize" as of 28 Nov 2018, which is released under the Creative Commons Attribution-Share-Alike License 3.0.