English, Article edition: KAREL KOUBA AND HIS POSITION IN THE CZECH ECONOMIC THOUGHT 110 00 Prague 1 (e-mail: michal.bauer@centrum.cz).; Michal BAUER

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Bookmark: http://trove.nla.gov.au/version/197829
Physical Description
  • article
Language
  • English

Edition details

Title
  • KAREL KOUBA AND HIS POSITION IN THE CZECH ECONOMIC THOUGHT
Author
  • 110 00 Prague 1 (e-mail: michal.bauer@centrum.cz).
  • Michal BAUER
Physical Description
  • article
Notes
  • Czech economic thought, transition, economic reform, plan and market, socialism
  • Karel Kouba belongs among the most prominent Czech economists of the second half of the 20th 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 showed 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.
  • transition, socialism, plan and market, economic reform, Czech economic thought
  • RePEc:prg:jnlpol:v:2005:y:2005:i:4:id:521:p:527-544
Language
  • English
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