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> Hayek explained the problems with socialism in the 30s and 40s. His contemporaries laughed at him; he won the Nobel prize in 1974.

Nobel never created a prize for economics, so Mises did not win a Nobel prize. The bank of Sweden gave Mises a prize.

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It is not given by the Bank of Sweden just like how neither Alfred Nobel nor the Nobel estate decides the Physics award. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel "is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden, according to the same principles as for the Nobel Prizes that have been awarded since 1901", and the funds are based on a donation made by Sveriges Riksbank in 1968.

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