World Photos

Nobel Prize Laureate in Literature Romanian-born German writer Herta Mueller smiles during the award ceremony at the Concert Hall in Stockholm December 10, 2009. Every year since 1901 the Nobel Prize, an international award administered by the Nobel Foundation in Stockholm, has been awarded for achievements in physics, chemistry, physiology or medicine, literature and for peace. In 1968, the Sveriges Riksbank (Bank of Sweden) instituted the Prize in Economic Sciences in memory of Alfred Nobel, founder of the Nobel Prize. Each prize consists of a medal, personal diploma, and a cash award.