Europe in decline?
The Nobel Prize winning Columbia University economist Edward Phelps maintains that innovation is the key to economic growth, prosperity and human happiness.
Acclaimed British writer Kazuo Ishiguro was on Thursday named the winner of the Nobel Prize in Literature for 2017.
Ishiguro is one of the most celebrated contemporary fiction authors in the English-speaking world, having received four Man Booker Prize nominations, and winning the 1989 award for his novel “The Remains of the Day”.
He was chosen from diverse proposals made by literary stalwarts and former Nobel laureates from across the globe. An assembly of 18 Swedes, the Academy members are elected by secret ballot to their roles and hold them for life. For the eventual winner to be decided, it is mandatory for more than half of the academy’s members to vote in his/her favour.
Advertisement
The Swedish Academy had received and approved 240 proposals for this year and 195 candidates were nominated.
Advertisement
