<human>:  With regards to the CME, who was the first person to be awarded the Nobel Prize in Economics?
<bot>: The first person to be awarded the Nobel Prize in Economics was Friedrich von Hayek. Hayek was awarded the Nobel Prize in 1974 for his work on the theory of money and monetary policy. Hayek's theory is that there is a natural order of things, which is not determined by the state, but is rather the result of a process of trial and error. Hayek's theory is often referred to as the Austrian School of Economics.