There is no Nobel Prize in Economics. 67 years after the Nobel Prizes were given out, the bank that Alfred Nobel entrusted his estate to started handing out pr

There is no Nobel Prize in Economics. 67 years after the Nobel Prizes were given out, the bank that Alfred Nobel entrusted his estate to started handing out prizes to Milton Friedman, Fredrick Hayek and so forth. Even the bank doesn't call it a Nobel Prize, it calls it the Bank Prize in Nobel's memory. Prizes are given to people like Fleming for discovering penicillin, then over a half century later it's accolades are diverted to these fabulists.