The Nobel Prizes are generally considered to be one of the most prestigious awards in the world but depressingly few people are able to name the winners of the various categories. Compare this to the likelihood of people being able to name past and present Oscar Award winners or how readily sports fans can recite the entire histories of major sporting events. When it comes to the Nobel however, even experienced bloggers who write frequently about economics can get the name of the Nobel laureate in economics wrong, as Steven D. Levitt pointed out recently.
So I thought that listing this year’s winners and summarizing their accomplishments would make for a worthy blog post. We’ll start with the Nobel Peace Prize, which despite being the least objective and most disputed of the different categories, is easily the most well-known among the public. It is also the only one of the prizes to be judged by a Norwegian committee instead of a Swedish institution. Whereas the other Nobel prizes are traditionally awarded only many years after the original breakthrough to ensure that it is real and confers genuine benefits to humanity, the Peace Prize is occasionally awarded only to send a political signal or to encourage someone who is deemed to be on the right path but hasn’t really done much yet, as last year’s award to Barack Obama demonstrated.
