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Economy is the basis of society Morihei Ueshiba As explained by Morihei Ueshiba the world today is formed on the basis of economy and the globalization of that economy Thousands of men and women work in economics specifically to improve the economic processes of the globe The Nobel Prize in economics seeks to award these men and women for their role in continuing the success and upkeep of that founding principle Many people have made advancements in economics within the last couple decades Margaret Thatcher Dambisa Moyo and Hernando de Soto but Dambisa Moyo showed the noblest efforts in her pursuits and is the best candidate for the 2013 Economics Nobel Prize The Nobel Prize hadnt always been around It was in fact established by a man named Alfred Nobel He was born October 21 1833 in Stockholm Sweden with his parents his mother and father were very wealthy From his fathers successes in business he was able to move Alfreds family out to St Petersburg to allow his children to receive a better education Once he was older Alfred began to work in construction and quickly became fascinated with the uses of nitroglycerin a highly explosive liquid After several failed attempts including one in 1864 that killed his brother and several others he invented the modern day device dynamite Nobel Prize Org From there Alfred made history He moved on to establish the actual Nobel Prize but only after his death The Nobel Prize was shaped from the inspiration left behind by Alfred Nobel Nobel lived alone throughout his life with no major spouses or relationships Over his lifetime he had a cumulative 355 patents by his death in 1896 Within his will he laid out a set of five secret prizes in the categories Chemistry Physics Literature Medicine and Peace These were the categories to which he donated 35 million dollars in awards Later the formation of the Prize Event took
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