In the world of science and higher thinking, no award can compare to the Nobel Prize. Awarded each year in December, the selected individual or individuals are announced during the 2nd week of October.
Nobel Prize in Economics
The Prize in Economics is not actually a Nobel Prize because the science of economics was in its infancy when Alfred Nobel died. Therefore, the Swedish Bank created this additional award and the Nobel Foundation issues the award using the same judgement criteria as awarded Nobel Prize recipients.