This is the time of year that the Nobel Prizes are handed out to individuals who have made important contributions within Medicine (or Physiology), Physics, Chemistry, Literature, Peace, and Economics. On Thursday, October 13th, the recipient for the Nobel Prize in Literature will be announced. The Nobel Prize originates from Alfred Nobel, a Swedish businessman, inventor, engineer and chemist, who in 1895 decided to leave the bulk of his fortune in trust to establish a set of prizes. The prize in Economics was established in 1968 by the Swedish Central Bank (Sveriges Riksbank) in memory of Alfred Nobel. To find out more about the Nobel Prize, please take a closer look at the Nobel website. You can find out about the history of the prize and learn about current and past recipients at Nobelprize.org.