Nobel Prize In Economic Sciences
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is the official name of the Nobel Prize in Economic Sciences. This prestigious award is given to an individual with outstanding contributions to the field of economics carefully selected by the Royal Swedish Academy of Sciences. In 1969, this award was first given to Dutch and Norwegian economists Jan Tinbergen and Ragnar Frisch.
Sweden Nobel Ceremony
Every year, the economics price committee accept nominations from university professors and scientists with supporting evidence for their nominees. After probable laureates are selected by the committee, it must be approved by the Royal Swedish Academy of Sciences. Then, successful laureates will receive a gold medal, diploma and monetary grant from the King of Sweden at Nobel Prize Award Ceremony in Stockholm.