<P> The will of the Swedish scientist Alfred Nobel established the prizes in 1895 . The prizes in Chemistry , Literature , Peace , Physics and Physiology or Medicine were first awarded in 1901 . In 1968 , Sveriges Riksbank ( Sweden 's central bank ) established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel , which has been commonly known as the Nobel Prize in Economics . The Nobel Prize is widely regarded as the most prestigious award available in the fields of literature , medicine , physics , chemistry , economics and activism for peace . </P>
<P> The will of the Swedish scientist Alfred Nobel established the prizes in 1895 . The prizes in Chemistry , Literature , Peace , Physics and Physiology or Medicine were first awarded in 1901 . In 1968 , Sveriges Riksbank ( Sweden 's central bank ) established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel , which has been commonly known as the Nobel Prize in Economics . The Nobel Prize is widely regarded as the most prestigious award available in the fields of literature , medicine , physics , chemistry , economics and activism for peace . </P>
who had the idea of the nobel peace prize
who had the idea of the nobel peace prize
Alfred Nobel
Alfred Nobel