Stockholm, Oct. 12, (dpa/GNA) – The Nobel Prize in Economics will complete this year’s announcements of the Nobel awards.
Monday’s announcement by the Royal Swedish Academy of Sciences is due at 11:45 am (0945 GMT), at the earliest.
Last year, a trio of US-based economists – Abhijit Banerjee, Esther Duflo and Michael Kremer – were awarded for their work on alleviating global poverty.
The economics prize is worth 10 million kronor (1.1 million dollars) this year, the same as the other Nobel prizes awarded for medicine, physics, chemistry, literature and peace. They were announced last week.
With the exception of economics, the prizes were all endowed by Swedish industrialist Alfred Nobel (1833-96), the inventor of dynamite.
US economists have predominately been given the economics award. Only two women, Elinor Ostrom of the United States and French-born Esther Duflo, have won to date.
The economics prize, which was not one of the original prizes mentioned in Nobel’s will, is formally called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
It was set up and funded by the Swedish central bank and first awarded in 1969.
Organizers have said that this year’s award ceremonies – traditionally held on December 10, the anniversary of Nobel’s death – have been scaled down due to the coronavirus pandemic.
GNA