Nobel Prize Season Has Arrived: Here's What Your Need to Know About the Prizes

Six awards and six new names will be added to the Nobel's elite group of awardees in six days.

The season for the Nobel Prize officially begins in October. In six days, six awards and six new names from around the world will be given to the most illustrious group of scientists, authors, economists, and champions of human rights in the world.

The season of Nobel Prize announcements for this year begins on Monday, Oct. 3, with the prize for medicine. Thereafter, prizes for physics, chemistry, and literature will be announced each day through Thursday, according to ABC News.

The economics prize will be awarded on Oct. 10, while the 2022 Nobel Peace Prize will be announced on Friday, Oct. 7.

Russian Journalist Auctions Off Nobel Medal For Humanitarian Aid To Ukraine
NEW YORK, NEW YORK - JUNE 20: The 2021 Nobel Peace Prize awarded to Dmitry Muratov, editor-in-chief of the Russian newspaper Novaya Gazeta, is displayed during a charity auction at The Times Center on June 20, 2022 in New York CitCity. Muratov auctioned off his 23-carat-gold medal, with the proceeds going to UNICEF’s humanitarian efforts to support children and families forced to flee Ukraine and those internally displaced. Michael M. Santiago/Getty Images

The Man Behind the Prize

Alfred Nobel, a wealthy Swedish entrepreneur and the creator of dynamite, founded the prizes in medicine, physics, chemistry, literature, and peace through his will. Five years after Nobel's passing, the first prizes were given out in 1901.

On December 10 - the day of Nobel's passing in 1896 - each prize worth 10 million kronor (almost $900,000) will be presented along with a certificate and a gold medal. The economics prize was established by Sweden's central bank in 1968 and is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.

The 50-Year Rule

The judges are not allowed to discuss their decisions for 50 years, according to the Nobel laws. Therefore, it will probably take some time before we are certain how the judges chose the contestants for 2022 and who made it onto their shortlists.

The Nobel Prizes are open to submissions from thousands of individuals worldwide. They consist of legislators, former Nobel laureates, university professors, and the committee members themselves.

In accordance with Nobel's wishes, the recipient of the award should go to "the person who shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses."

Last Year's Nobel Peace Prize Recipients

The Nobel Peace Prize last year was awarded jointly to Maria Ressa and Dmitry Andreyevich Muratov "for their efforts to safeguard freedom of expression, which is a precondition for democracy and lasting peace."

The Nobel committee honored the journalists for their "courageous fight" for freedom of expression in the Philippines and Russia. The committee said they represent all journalists fighting for democracy and freedom of the press.

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Written by Joaquin Victor Tacla

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