Esteem, money and mystery: 5 things to know about the Nobels
STOCKHOLM — In terms of esteem and recognition, it’s always a good year to win a Nobel Prize. In terms of money, 2017 is better than the past two years.
The Nobel Prize announcements begin Monday with the medicine award and each prize this year is worth 9 million kronor ($1.1 million). In the previous five years, the amount was 8 million kronor — $930,000 at last year’s exchange rate.
The physics award will be announced Tuesday, chemistry on Wednesday and the Peace Prize on Friday. The prize for literature is always announced on a Thursday but the Swedish Academy waits until three days before to say which Thursday. The economics prize, which is, strictly speaking, not a Nobel, will be announced on Oct. 9.
Here are five things to know about the prestigious prizes created by 19th-century Swedish industrialist Alfred Nobel.