In what year was the Nobel Prize in Economic Sciences first awarded?

The Nobel Prize is one of the world's most prestigious awards, recognizing outstanding contributions to humanity in various fields since 1901. But the early history of the prize includes some surprising recipients and overlooked giants. This question explores an interesting fact about the first Nobel Prize in Economics that might challenge what you think you know about this esteemed award.

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1901 (same year as the original Nobel Prizes)
1969 (much later than the original Nobel Prizes)
1923 (after World War I)
1945 (after World War II)