The main institutionalised forms of recognition for those who have made a significant contribution in the fields of physics, chemistry, medicine, literature, as well as for those working for peace (and more recently in the area of economics), are the Nobel prizes.
The literary nobel prize is seen as being the least important of nobel prizes
( z1 see :ARG1 ( z2 prize :name ( z3 name :op "Nobel" :op "Prize" ) :mod ( z4 literary ) ) :ARG2 ( z5 important :ARG1 z2 :ARG2-of ( z6 have-degree :ARG1 z2 :ARG3 ( z7 least ) :ARG5 ( z8 prize :mod z2 ) ) ) )