• UGI USER
  • Oct 09, 2023
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Claudia Goldin wins 2023 Nobel economics prize.

Why in the News?

  • Claudia Goldin has been awarded the Nobel Memorial Prize in Economic Sciences 2023, “for having advanced our understanding of women’s labor market outcomes.”
  • Claudia Dale Goldin is an American economic historian at Harvard University.
  • From 1969 to 2022 only two women, Elinor Ostrom in 2009 and Esther Duflo in 2019, have been recognized with the Nobel Prize in Economic Sciences and Claudia is the third.

 

Indian Awardees of Nobel Prize In Economics

  • Amartya Sen (1998) Note: Abhijit Banerjee (2019) (Indian-American i.e. American Citizen).

Noble prize

History

– The Nobel Prize was established through the will of Alfred Nobel, a versatile figure known as an inventor, entrepreneur, scientist, poet, and dramatist.

– Nobel left the majority of his fortune to create prizes in five categories: Physics, Chemistry, Physiology or Medicine, Literature, and Peace.

– The prizes were to be awarded to those who had conferred the greatest benefit to humankind during the preceding year.

– Alfred Nobel held 355 patents and is notably recognized for inventing dynamite.

– The first Nobel Prizes were awarded in 1901, and they have been presented annually since then, with a few exceptions during World War I and World War II.

– The Nobel Day, observed on 10 December each year, commemorates Alfred Nobel’s death and serves as the day for presenting the Nobel Prizes to laureates.

– In 1968, the Sveriges Riksbank established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

– Nobel laureates receive a Nobel Prize diploma, a medal, and a document specifying the prize amount, which currently stands at 10 million Swedish krona or approximately $900,000.

– The Nobel Prize can be shared by up to three individuals, or in the case of the Peace Prize, it can also be awarded to organizations.

– While the Nobel Prize cannot be awarded posthumously, a recipient who dies after the prize announcement may still receive it.

– Alfred Nobel designated Swedish institutions to be responsible for selecting Nobel laureates, except for the Peace Prize, which is decided by a committee elected by the Norwegian Parliament.

– The Nobel medals cannot be revoked, as per Alfred Nobel’s will and the statutes of the Nobel Foundation.

– To become a Nobel Prize laureate, one must be nominated by an eligible nominator, with self-nomination being prohibited. Nomination is typically by invitation only.

– Malala Yousafzai, who received the Peace Prize in 2014 at the age of 17, is the youngest Nobel Laureate.

– John B. Goodenough, honored with the Chemistry Prize in 2019, holds the record as the oldest recipient at 97 years old.

– Marie Curie is the only woman to have been honored twice, receiving the Nobel Prize in Physics in 1903 and the Prize in Chemistry in 1911.

– The institutions responsible for selecting Nobel Prize laureates include The Royal Swedish Academy of Sciences, Karolinska Institute. The Swedish Academy, and a committee elected by the Norwegian Parliament for the Nobel Peace Prize.