Nobel Prize in Literature our age". Steinbeck himself, when asked if he deserved the Nobel on the day of the announcement, replied: "Frankly, no." In 2012 (50 years later), the Nobel Prize opened its archives and it was revealed that Steinbeck was a "compromise choice" among a shortlist consisting of Steinbeck, British authors Robert Graves and Lawrence Durrell, French dramatist Jean Anouilh and Danish author Karen Blixen. The declassified documents showed that he was chosen as the best of a bad lot: "There aren't any obvious candidates for the Nobel prize and the prize committee is in an unenviable situation," wrote committee member Henry
Nobel Memorial Prize in Economic Sciences his will in 1895, it is not a Nobel Prize. However, it is administered and referred to along with the Nobel Prizes by the Nobel Foundation. Laureates are announced with the Nobel Prize laureates, and receive the award at the same ceremony. Laureates in the Memorial Prize in Economics are selected by the Royal Swedish Academy of Sciences. It was first awarded in 1969 to the Dutch and Norwegian economists Jan Tinbergen and Ragnar Frisch, "for having developed and applied dynamic models for the analysis of economic processes". An endowment "in perpetuity" from Sveriges Riksbank pays the Nobel Foundation's administrative