Awards are Popular

State orders play a great role in most countries. This applies not only to monarchies (e.g. the United Kingdom) but also includes staunch republics such as France or the United States. Awards are most popular in the arts and media (e.g. the Oscars), in sports, in religion, in the voluntary and humanitarian sector, in academia (e.g. honorary doctorates), and also in business (e.g. Manager of the Year). One of the most cherished awards is the Nobel Prize, given for peace, literature, and various sciences. Inducement prizes have been successful to spark innovation. They promise a monetary sum and public acclaim to that person or group of persons finding a solution to a well-specified problem. There are also ironic prizes (such as the Golden Raspberry Awards or the Goat of West Point). The social sciences, including economics, have largely disregarded awards. The Economics of Award is only in its beginnings.