DECEMBER 10, 1896 – DEATH OF ALFRED NOBEL, INVENTOR AND BENEFACTOR OF NOBEL PRIZES

1896 – DEATH OF ALFRED NOBEL, INVENTOR AND BENEFACTOR OF NOBEL PRIZES
Each year, annual international awards are bestowed to honor great scientific and cultural advances. Nobel’s great-grandnephew, Peter Nobel, in 2001 asked the Bank of Sweden to differentiate its award to economists given "in Alfred Nobel's memory" from the five other awards. He said, "The economics prize, awarded by the Swedish Rupsbank, runs counter the idealism in Alfred Nobel's declaration that the prizes should be awarded to those who have conferred the greatest benefit on mankind - the vast majority of economic prizes have gone to people who reflect the dominating western view of the world. It's doubtful whether this really is of benefit to all mankind."