<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. He received the prize in 1974 for his contributions to the development of the Austrian School of Economics. Hayek is best known for his book, The Road to Serfdom, which explains the importance of free markets and individual liberty.