26 Dec '11, 8am
The world's 'alternative' Nobel Prize: an award fit for the 21st century - The Ecologist
‘But they discussed this, and I was told later, at the board meeting that they decided they were not going to have any new Nobel awards. Of course, if Alfred Nobel had created all the Nobel awards, I would have seen some sort of justification. But there had been a new award - the Nobel Prize for Economics. That to me seemed strange. You create one new award, and then you say, no that's it. That's why I felt morally justified to try to do it myself. Of course, it would be a much smaller award; dealing in stamps is a lot less profitable than inventing dynamite [Alfred Nobel made his fortune creating and developing dynamite and explosive materials]. I didn't know how I was going to continue with it, but I decided to try it.'