Nobel panel to announce 2021 economics prize

Stockholm, October 11 (BNA) The winner of the 2021 Nobel Prize for distinguished work in the field of economics will be announced on Monday.

Unlike other Nobel Prizes, the Economics Prize was not created by Alfred Nobel’s will but by the Swedish Central Bank in his memory in 1968, with the first winner selected a year later. It is the last award to be announced each year.

Last year’s award was given to two Stanford University economists who tackled the challenging problem of making auctions run more efficiently, the Associated Press (AP) reported.

It also created an endearing moment when one had to knock on another’s door in the middle of the night to wake them up and tell them they had won.

Last week, the 2021 Nobel Peace Prize was awarded to journalists Maria Ressa of the Philippines and Dmitriy Muratov of Russia for their struggle for freedom of expression in countries where journalists have been constantly attacked, harassed and even killed.

The Nobel Prize for Literature was awarded to UK-based Tanzanian writer Abdul Razak Jarna, who has been recognized for his “relentless and compassionate penetration of the effects of colonialism and the fate of the refugee”.

The Physiology or Medicine prize went to Americans David Julius and Erdem Patbutian for their discoveries about how the human body perceives temperature and touch.

Three scientists have won a physics prize for their work that found the system in apparent turbulence, helping to explain and predict nature’s complex forces, including expanding our understanding of climate change.

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Benjamin List and David W. C. Macmillan won the Chemistry Prize for finding an easier and environmentally cleaner way to build molecules that can be used to make compounds, including drugs and pesticides.


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