why is the nobel prize for literature awarded
Nobel Prize in Literature The Nobel Prize in Literature (Swedish: Nobelpriset i litteratur) has been awarded annually, since 1901, to an author from any country who has, in the words of the will of Alfred Nobel, produced "in the field of literature the most outstanding work in an ideal direction" (original Swedish: den som inom litteraturen har producerat det mest framstÃ¥ende verket i en idealisk riktning).[2][3] Though individual works are sometimes cited as being particularly noteworthy, here "work" refers to an author's work as a whole. The Swedish Academy decides who, if anyone, will receive the prize in any given year. The academy announces the name of the chosen laureate in early October. It is one of the five Nobel Prizes established by the will of Alfred Nobel in 1895; the others are the Nobel Prize in Chemistry, Nobel Prize in Physics, Nobel Peace Prize, and Nobel Prize in Physiology or Medicine.
Nobel Prize The Nobel Prize was funded by Alfred Nobelâ€™s personal fortune. According to the official sources, Alfred Nobel bequeathed from the shares 12% of his fortune to the Nobel Foundation that now forms the economic base of the Nobel Prize. [20]