Nobel Prize for Peace, Literature and Economics

Nobel Prize for Peace for the year of 2009 has been conferred to the President of the United States, Barack Obama. He is the third incumbent US President after Theodore Roosevelt in 1906 and Woodrow Wilson in 1919 to bag the Nobel Peace Prize. (Former US President Jimmy Carter won the Nobel Peace Prize in 2002) According to the Norwegian Nobel Committee the prize has been given to him for his "extraordinary efforts to strengthen international diplomacy and cooperation between peoples.” The Nobel Committee gave great importance to his nuclear weapons free world view. He was honoured for his role in creating a new climate for international politics where conflict resolution is predominantly expected to be done using dialogues and negotiations. The Nobel Committee also lauded Obama’s initiatives towards climate change whereby the United States has vowed to take more active steps towards reducing green house gas emissions. The audacity of hope that Obama brings to the world has been instrumental in him gaining the most coveted prize for peace. Obama’s famous speech at Cairo, made to jettison the lack of faith that the Muslim world has for the intentions and actions of the United States, was also counted. Nobel Committee’s decision to award Barack Obama the peace prize should be seen as a call to action and an encouragement for his activities in the realm of international diplomacy.

Romanian-born, German novelist, essayist and poet Herta Muller bagged the Noble Prize for Literature. According to the Nobel Committee, the prize is given to Muller “who, with the concentration of poetry and the frankness of prose, depicts the landscape of the dispossessed." Her writings depicted the harsh living conditions of Communist Romania under the tyrannical Nicolae Ceauşescu regime. She faced death threats at her native Romania as she refused to cooperate and become an informant to the Romanian secret police when she was working as a teacher. Muller immigrated to Germany in 1987 and since then has been involved in the international literary field. Her novel Der Fuchs war damals schon der Jäger, published in English as The Passport, has been a runaway success and has received great critical acclaim. She is also a recipient of Germany's most prestigious, the Kleist prize.

The Nobel Prize for Economics for the year 2009 has been shared by Elinor Ostrom of Indiana University and Oliver E. Williamson of the University of California, Berkeley for their individual studies on economic governance. According to the Nobel Committee, Elinor Ostrom is awarded "for her analysis of economic governance, especially the commons" and Oliver Williamson "for his analysis of economic governance, especially the boundaries of the firm." Elinor Ostrom is the first lady to receive the Nobel Prize for Economics since the prize was established in 1969. Economics predominantly studies how economic transactions happen in market place. But economic activities happen in other place like associations, households, within firms etc. Though economic theories have always given great importance to virtues and vices of market places, they gave less importance to other institutional arrangements. The individual studies done by Ostrom and Williamson show that economic analysis can shed light on almost all social organisations. By awarding Elinor Ostrom and Oliver Williamson, the Nobel Committee seems to be placing forward the idea that economic theories and researches should go beyond the conventional studies on market mechanics and should try to answer more complex sociological questions of human life.

(Information courtesy: Press release available at www.nobelprize.org)