Why do we cover the Nobel Prize announcements?

The Nobel Prizes are too big to fail. Even if they’ve become beset by a host of problems, such as:

1. Long gap between invention/discovery and recognition,
2. A large cash component given to old scientists,
3. Limiting number of awardees to three,
4. Not awarding prizes posthumously,
5. Not awarding prizes to women, especially in the sciences, and
6. Limiting laureates to those who had published in English or European languages*

… they have been able to carry over the momentum they accrued in the mid-20th century, as an identifier of important contributions, into the 21st century. The winner of a Nobel Prize gets his (it’s usually ‘his’) name added to a distinguished list, and has the attention of the world’s press turn towards him for 12-24 hours. The latter in particular is almost impossible to achieve otherwise. As a result, the Nobel Prizes, for all their shortcomings, still stand for a certain kind of recognition that is not easily attainable through other means.

Any other prize instituted today with the same shortcomings as the Nobel Prizes will struggle to be taken seriously (unless the cash component is overwhelmingly high). It is thanks to these qualities of its legacy that even those who write against the Nobel Prizes and their import can at best hope to fix the prize, and not have it cancelled. And this is also why people continue to lament problems #3 and #5 instead of neglecting the Nobel Prizes altogether.

I personally wish the Nobel Prizes stopped being important – but it’s a conflicted desire because of two reasons:

1. It’s an opportunity – even only if it’s for one week of the year – to talk about pure science research instead of having to bother with what it’s good for, and still be read. Otherwise, there’s a high cost attached to ‘indulging’ in such articles.
2. The Nobel Prizes are not going to drop in value among the people if only I abstain from covering them. Either all journalists have to stop giving a damn (they won’t) or the Nobel Committee itself will have to rethink the prizes (so far, they haven’t).

So if only I sit out and not write about who won which Nobel Prize for what, only I – rather, The Wire – loses out. I’d much rather make a bigger deal of homegrown awards like the S.S. Bhatnagar Prize, specialised prizes like the Wolf, the Abel and the Lasker, and the international – and more au courant – Breakthrough Prizes.

*I’m speaking only about the science prizes.