It is one of the five Nobel Prizes that were instituted by the Swedish inventor and industrialist Alfred Nobel. This award is given "to the person who has worked more or better in favor of fraternity among nations, abolition or reduction of existing armies and the celebration and promotion of peace processes," according to the Nobel Prize.

The Nobel Peace Prize is one of five awards, instituted by Alfred Nobel, released through his will:

"The remainder of the achievable fortune which I shall leave at death shall be disposed of as follows: capital, made in securities secured by my testamentaries, it shall constitute a fund whose interest shall be distributed annually as a reward to those who pay, during the previous year, the greatest services to humanity. The total will be divided into five equal parts, which will be granted: one to whom, in the field of Physical Sciences, has made the most important discovery or invention; Another to whom has done the same in Chemistry or introduced in it the best refinement; The third to the author of the most important discovery in Physiology or Medicine; The fourth to whom has produced the most remarkable literary work in the sense of idealism; and finally the fifth, to whom has worked more and better in the work of the fraternity aong the peoples, in favor of the suppression or reduction of permanent armies, and in favor of the formation and propagation of Peace Congresses. "

Applications for prizes must be submitted in writing, with the sheet of their services by personalities qualified for it in the opinion of the Foundation, "without taking into account personal recommendations."

Persons authorized to grant proposals

In the work of La Paz the ones authorized to grant the proposals are: "The current and previous members of the Nobel Committee of the Norwegian Parliament, the advisers appointed by the Norwegian Nobel Institute, the members of the national legislative bodies and the governments of the different Countries, the members of the Inter-Parliamentary Association, the International Tribunal of The Hague, the Committee of the Permanent International Peace Bureau, the members and partners of the Institute of International Law of Paris, university professors who hold chairs of law , History and philosophy and the people who have won the Nobel Peace Prize

Institutions that award the prize

The Physics and Chemistry
* The Swedish Academy of Sciences

The Physiology or Medicine
* The Carolino Institute of Stockholm

The Literature
 * The Stockholm Academy

The one of the work of the Peace
 *The commission of five individuals who will choose the Norwegian Storthing. This is divided into two chambers: the Lagting (fourth part of the representatives) and the Odelsting (three quarters remaining). It currently has 165 members. (G.D.G.).

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