Publication detail

K. Kouba and his position in the Czech economic thought

Author(s): doc. PhDr. Michal Bauer Ph.D.,
Type: Articles in journals with impact factor
Year: 2005
Number: 0
ISSN / ISBN: 0032-3233
Published in: Politická ekonomie č.4
Publishing place: Praha
Keywords:
JEL codes:
Suggested Citation:
Grants: IES Research Framework Institutional task (2005-2011) Integration of the Czech economy into European union and its development
Abstract: Karel Kouba belongs among the most prominent Czech economists of the second half of the 20s century. The paper analyzes his major contribution to the Czech economic thought in the context of economic reforms of the Prague Spring of 1968 and of economic transition in 1990s. In the communist era special focus is devoted to the theory of growth in the socialist economies, compatibility of plan and market and his inclusion of individual motivations into decision-making of agents within the centrally planned economy. After the Velvet Revolution in 1989, K. Kouba has shown the importance of microeconomic relations for the macrostability and the relevance of institutional economy for explaining the processes during the transition period. Kouba’s story has also a more general message. It shows how the biggest talents were treated during the communist era in Czechoslovakia and which dilemmas they had to face.

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