By Nathan Seppa
This year the Nobel prizes given out for world-class accomplishments in physics,
chemistry, literature, peace, and physiology or medicine are a century old.
Founder Alfred B. Nobel, a chemical engineer who became rich after inventing
dynamite, set aside a fortune in his will to establish prizes for those who have
“conferred the greatest benefit on mankind.” Nobel died in 1896, and the first
prizes were awarded in 1901. The prize for economics was initiated by the Bank of