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You mean like the 1949 Nobel Prize for Medicine being awarded to the person who developed lobotomy surgery?

An imperfect record doesn't mean the whole process is a sham.

But with the Peace Prize, the failures are numerous, and it becomes harder to claim they are outliers.

Now you need to look into the "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel" - Economics wasn't part of Nobel's original endowment so the Swedish Central bank funded it in the 60s.

No "Nobel Prize" thread is complete without this pedantic observation, however otherwise off-topic.

It's been politicised forever. Even was during the Cold War. There have been some laughable official choices.

E.g., Henry Kissinger

Kissinger is a horrific one considering some of the things he was behind, and things he said. But he was well in with the right people internationally.