In 1982 he received the Nobel Prize in Literature `` for his novels and short stories , in which the fantastic and the realistic are combined in a richly composed world of imagination , reflecting a continent 's life and conflicts '' . In 1982 , GarcÃ a MÃ rquez received the Nobel Prize in Literature `` for his novels and short stories , in which the fantastic and the realistic are combined in a richly composed world of imagination , reflecting a continent 's life and conflicts '' .