It's named after him because he donated A LOT of money to the Nobel peace the prize- here's a website that tells you about him, the nobel peace prize stuff is towards the...
Alfred Nobel invented the Nobel Prizes because he had a huge fortune from creating dynamite. So, he donated all of his money, after he deceased, to the making of the Nobel Prizes.
Alfred Nobel left in his will money to be awarded for intellectual achievement in the areas of physics, chemistry, literature, physiology or medicine, and peace. The topics of economic sciences was...