Nobel Prize in Literature Scandinavian lecture tour suggesting that Hammarskjöld was, like Auden, homosexual. In 1962, John Steinbeck received the Nobel Prize for Literature. The selection was heavily criticized, and described as "one of the Academy's biggest mistakes" in one Swedish newspaper. "The New York Times" asked why the Nobel committee gave the award to an author whose "limited talent is, in his best books, watered down by tenth-rate philosophising", adding, "we think it interesting that the laurel was not awarded to a writer ... whose significance, influence and sheer body of work had already made a more profound impression on the literature of
Nobel Memorial Prize in Economic Sciences Nobel Memorial Prize in Economic Sciences The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field. The award's official name is The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (). The prize was established in 1968 by a donation from Sweden's central bank the Riksbank to the Nobel Foundation to commemorate the bank's 300th anniversary. As it is not one of the prizes that Alfred Nobel established in