Nobel Prize the "Nobel Prize in Economics". The prizes are widely regarded as the most prestigious awards available in the fields of chemistry, literature, peace activism, physics, and physiology or medicine. The Royal Swedish Academy of Sciences awards the Nobel Prize in Chemistry, the Nobel Prize in Physics, and the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel; the Nobel Assembly at the Karolinska Institute awards the Nobel Prize in Physiology or Medicine; the Swedish Academy grants the Nobel Prize in Literature; and the Nobel Peace Prize is awarded by the Norwegian Nobel Committee. Between 1901 and 2018, the
Nobel Peace Prize the prize, profoundly influenced his decision to include peace as a category. Some Nobel scholars suggest it was Nobel's way to compensate for developing destructive forces. His inventions included dynamite and ballistite, both of which were used violently during his lifetime. Ballistite was used in war and the Irish Republican Brotherhood, an Irish nationalist organization, carried out dynamite attacks in the 1880s. Nobel was also instrumental in turning Bofors from an iron and steel producer into an armaments company. It is unclear why Nobel wished the Peace Prize to be administered in Norway, which was ruled in union with Sweden