Nobel Prize in Literature
|The Nobel Prize in Literature|
Announcement of the Nobel Prize laureate in literature, 2008
|Awarded for||Outstanding contributions in literature|
|Currently held by||
The Nobel Prize in Literature (
Although the Nobel Prize in Literature has become the world's most prestigious literature prize,
 the Swedish Academy has attracted significant criticism for its handling of the award. Many authors who have won the prize have fallen into obscurity, while others rejected by the jury remain widely studied and read. The prize has "become widely seen as a political one - a peace prize in literary disguise", whose judges are prejudiced against authors with different political tastes to them.
Nobel's "vague" wording for the criteria for the prize has led to recurrent controversy. In the original Swedish, the word idealisk translates as either "idealistic" or "ideal".
The members of the Norwegian Nobel Committee that were to award the Peace Prize were appointed shortly after the will was approved. The prize-awarding organisations followed: the Karolinska Institutet on 7 June, the Swedish Academy on 9 June, and the Royal Swedish Academy of Sciences on 11 June.
 The Nobel Foundation then reached an agreement on guidelines for how the Nobel Prize should be awarded. In 1900, the Nobel Foundation's newly created