Under the watchful gaze of Sweden's royal family, the esteemed Laureates strolled into the hall. All have shown groundbreaking innovation in their specialized fields.
One by one, they came forward.
As trumpeters heralded their achievements, they received their awards from the King of Sweden. They came from the disciplines of chemistry, physics, physiology or medicine, literature, and economics.
The Royal Swedish Academy recognized the work of Oliver Williamson and Elinor Ostrom, the first women to win the economics prize since that specific award was established in 1968.
"Mankind has prospered from science, but prosperity will endure only if organizational innovation keeps a pace of technological innovation," he said. "In the years to come, we will have to develop complex new rules, agreements and enforcement mechanisms. In doing so, we are blessed to be able to build upon your foundations. In its 271st year, the Royal Swedish Academy of Sciences could not have awarded a more timely prize."
In addition to their diplomas, medals, and prize money, a lavish banquet capped off the day for the recipients.