To be fair, the Swedish Academy is only responsible for the literature prize. While the Academy has done some fantastic things (for example, Svenska Akademiens

To be fair, the Swedish Academy is only responsible for the literature prize. While the Academy has done some fantastic things (for example, Svenska Akademiens Ordbok) they have been a social club for the intellectual elite for a long time. The economy prize (which isn't even a real Nobel prize) is given by the Swedish National Bank.