This holiday season, many of us will receive unexpected gifts. But Onora O’Neill, the British professor emeritus of philosophy at Cambridge University, has just collected a spectacular one: this week, in a swanky ceremony at the New York Public Library, she was awarded $1m for her contributions to philosophy by the Berggruen Institute, a research organisation based in Los Angeles and created by Nicolas Berggruen, the Paris-born philanthropist and investor. 

There are a number of reasons why this makes me want to cheer. First, there are not many other women of O’Neill’s age (she is 76) who are collecting $1m prizes of any type for their intellectual endeavours – unfortunately, in Britain, many other older female icons around these days appear to be either cooking-show hosts or royalty. 

Second, it is wonderful to see philosophy being celebrated. In theory, almost everyone knows that the discipline is ancient and worthy but, in recent years, the main focus of the government and academic world has been on technical and scientific fields; liberal arts and social sciences have taken a back seat, not just in terms of college and school courses, but in the ideas we decide to reward. McKinsey, the global management consultancy, has calculated that there is currently about $350m of prize money on offer in various competitions and awards around the world – a figure that has swelled dramatically in recent years because a host of philanthropic billionaires have been establishing prizes. But if you scroll down the list of awards (including the “XPrize” created by Silicon Valley whizz-kids), most of the money is going towards science, medicine, technology, clean energy and so on. Until the creation of the Berggruen Prize for Philosophy & Culture (last year’s inaugural recipient was the distinguished Canadian philosopher Charles Taylor), there was almost nothing large that recognised “merely” smart philosophical ideas.