The Nobel Prize in Economic Sciences for the year 2024 is set to be announced today, with the live stream available for viewing. The prestigious award, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, carries a monetary prize of 11 million Swedish crowns, approximately $1.1 million, and can be shared by up to three recipients.
Established by Sweden’s central bank in 1968, the economics prize is relatively younger compared to the other Nobel prizes, which have been awarded since 1901. The Nobel Prizes themselves were initiated by the will of Swedish industrialist Alfred Nobel in 1895, known for inventing dynamite. These prizes are bestowed upon individuals who have contributed significantly to the betterment of humanity in the previous year.
Last year’s recipient of the Nobel Prize in Economic Sciences was Claudia Goldin, a Harvard economic historian. She was recognised for her research that unearthed the underlying causes of pervasive wage and labour market disparities between men and women.
The anticipation is high for this year’s announcement, as the world awaits to see who will be honoured with this esteemed accolade. Stay tuned for the live coverage of the Nobel Prize in Economic Sciences ceremony to catch the unveiling of the 2024 winner.