Statutes for The Sveriges Riksbank Prize in
Economic Sciences in Memory of Alfred Nobel approved by the Crown
on the 19th day of December 1968
§ 1
The Prize shall be awarded in accordance with the rules set forth
in a deed of gift drawn up by Sveriges Riksbank on June 6, 1968,
which, insofar as the present matter is concerned, reads as
follows:
“In celebration of the Tercentenary of Sveriges Riksbank,
the Bank has instituted a prize in economic sciences in memory of
Alfred Nobel.
The Prize shall be awarded annually to a person who has written a
work on economic sciences of the eminent significance expressed
in the will of Alfred Nobel drawn up on November 27, 1895.
The Prize shall be awarded by the Royal Academy of Sciences in
accordance with the rules governing the award of the Nobel Prizes
instituted through his will.”
§ 2
As regards the procedure to be adopted in respect of proposals
for candidates for the Prize, adjudication and presentation of
the Prize, the rules for award of the Nobel Prize shall, where
relevant, be complied with.
The Committee appointed by the Academy of Sciences to pronounce
an opinion concerning the award of the Prize shall be called the
Prize Committee.
§ 3
If an amount is reserved for award of the Prize in the succeeding
year but is not awarded in that year either, or in the event that
a person nominated as winner of the Prize declines the Prize or
fails to draw the amount within the stipulated time, the amount
shall be placed at the disposal of Sveriges Riksbank.
§ 4
The funds placed at the disposal of the Nobel Foundation by
Sveriges Riksbank for defrayment of its expenses shall, after
deduction of the administrative expenses incurred by the Nobel
Foundation in conjunction with the donation and other general
expenses, be used for defrayment of the expenses incurred for the
presentation of the Prize. The amount not used to cover the
year's expenditure shall be reserved for future
expenditure.
§ 5
The funds placed at the disposal of the Nobel Foundation by
Sveriges Riksbank, their administration and auditing, and the
access to documents for the Minister of Education or officer
appointed by him, shall be governed by the same rules as are
stipulated for other funds of the Nobel Foundation.
§ 6
A proposal for amendment of these statutes may be raised by the
Academy of Sciences or the Board of the Nobel Foundation. An
opinion on such proposals shall be given by the Trustees of the
Nobel Foundation and by Sveriges Riksbank.
An amendment of the statutes shall be decided jointly by the
Academy and the Board. If they cannot agree on the proposed
amendment, the proposal shall fall. If the proposal is adopted,
it shall be submitted by the Board for the approval of the
Government.
_________
These statutes shall enter into force on
January 1, 1969; the provisions of the statutes shall
notwithstanding be applicable prior thereto in respect of
measures required for implementation of the statutes after they
have entered into force.
Statutes with special regulations concerning the award by the
Royal Academy of Sciences of The Sveriges Riksbank Prize in Economic Sciences
in Memory of Alfred Nobel approved by the Crown on the 19th day of December
1968, with later amendments inserted
§ 1
A proposal for award of the Prize may be made by:
1) Swedish and foreign members of the Academy of Sciences;
2) members of the Economic Sciences Prize Committee;
3) persons who have been awarded the Prize in Economic Sciences
in Memory of Alfred Nobel;
4) the professors of subjects falling under this category at the
universities and schools of economics in Sweden, Denmark,
Finland, Iceland and Norway;
5) the holders of corresponding chairs at at least six
universities or corresponding institutions selected by the
Academy of Sciences having regard to the appropriate distribution
of the commission among the various countries and seats of
learning; and
6) other scientists whom the Academy may otherwise see fit to
call upon or this purpose.
Decisions concerning selection of the teachers and scientists
referred to in points 5 and 6 shall be made every year before the
end of the month of September.
§ 2
The Prize Committee shall consist of five members, all of whom
shall be elected by the Academy. Election shall be for a period
of three years. A retiring member may be re-elected twice in
succession. Thereafter, election for a maximum of one more
three-year period may occur after three years. A member who has
reached seventy years of age may not be re-elected.
The Academy shall appoint one member from among the members of
the Prize Committee to be its chairman for one year at a time.
The chairman may be re-elected twice.
If a member retires prior to the expiry of his term of office,
another person shall be elected for the remainder of the
period.
§ 3
Before the election of the chairman and other members of the
Prize Committee takes place, proposals for nominations shall be
made by the Ninth (Social Science) Class of the Academy. The
proposals shall be submitted to the Academy before the end of the
month of November.
If the Class deems it necessary for the drawing up of such
proposals, it may co-opt an expert member of another Class of the
Academy.
§ 4
In the absence of the chairman of the Prize Committee, the member
who is most senior in age among those present shall act as
chairman.
The secretary of the Prize Committee shall be nominated by the
Academy; proposals for the appointment shall be made by the Ninth
Class.
§ 5
A quorum of the Prize Committee shall exist when at least three
members are present. Voting shall be by open ballot. In the event
of a tie, the chairman shall have the casting vote.
§ 6
Every year in the month of September the Prize Committee shall
issue invitations to the persons who, under § 1, are
entitled to make proposals concerning the award of the Prize to
submit their proposals and evidence in support of them, prior to
February 1 of the following year.
§ 7
Before the end of the month of September the Prize Committee
shall submit to the Academy a report and proposal concerning the
Prize award of the year.
Subsequently the Ninth Class shall, before the end of October,
submit its opinion on the matter to the Academy. If the Class
deems it necessary for that purpose, it may co-opt an expert
member from another class of the Academy.
The Academy shall bring up the matter for final decision prior to
the middle of the following November.
§ 8
The discussions, opinions and proposals of the Prize Committee
concerning the award of the Prize may not be published or
otherwise disclosed.
§ 9
Remuneration for members and co-opted members of the Prize
Committee or for experts engaged by the Prize Committee for
specific purposes with the approval of the Academy, shall be
determined by the Academy after an opinion on the matter has been
obtained from the Ninth Class.
§ 10
A gold medal in memory of Alfred Nobel shall be awarded on each
occasion to each member of the Academy attending the meeting
when, in accordance with the second paragraph of Statute 7, the
Ninth Class states its final opinion or, in accordance with the
third paragraph of the same Statute, the Academy makes a decision
on the Prize award. Such a gold medal shall also be awarded to
the keeper of the minutes.
§ 11
Questions pertaining to the Prize in Economic Sciences shall be
considered by the Ninth Class and by the Academy at special
meetings. The minutes recorded at these meetings shall not be
coordinated with the minutes of meetings which are not concerned
with Nobel matters. All the expenses incurred by these meetings
shall be defrayed by the Nobel Foundation.
§ 12
Proposals to amend these Statutes may be made by members of the
Academy or of the Prize Committee. Before the Academy deals with
any such proposals, an opinion on the matter shall be obtained
from the Prize Committee and from the Ninth Class. Proposals
approved by the Academy shall be submitted for the approval of
the Government.
_________
These Statutes shall enter into force on
January 1, 1969; the provisions of the Statutes shall
notwithstanding be applicable prior thereto in respect of
measures required for implementation of the Statutes after they
have entered into force.
Note:
The regulations in these Statutes are regarded, in compliance
with the Swedish Foundations Act (Act 1994:1220), which went into
effect on January 1, 1996, as regulations on the internal
organization of the Academy as a prize-awarding body. Such
regulations do not fall under Chapter 6, Section 1 on amendments
etc. of regulations in a foundation charter after its adoption.
Amendments that have been approved by the Academy shall now
instead be communicated to the public agency responsible for
regulatory oversight: the Stockholm County Administrative
Board.
Copyright © The Nobel Foundation 2006
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