The medal of the Swedish Academy represents a young man sitting under a laurel tree who, enchanted, listens to and writes down the song of the Muse. The inscription reads: Inventas vitam iuvat excoluisse per artes The words on the medal mean literally: It is beneficial to have improved (human) life through discovered arts. These…

The medal for economic sciences shows the North Star emblem of the Royal Swedish Academy of Sciences, dating from 1815, with the words “Kungliga Vetenskaps Akademien” (The Royal Swedish Academy of Sciences) around the edge. The upper half of the face of the medal depicts Alfred Nobel, but in a pose different from the one…