In the economic cycle of the Czech Republic in the nineties the number of years of economic recession or stagnation was higher than the duration of economic growth. Two recessions from the early and late years of the decennium indicated how complicated it is to search for an appropriate...

The personality and economic theory of Albín Bráf (1851-1912), professor of political economy at the Prague university, were milestones in the development of Czech economic thought.He started lecturing at the university in the Czech language (1877), and he defined the subject-matter of...

The article is trying to introduce and defend the thesis that economic policy way not follow the theoretical foundations of economics but the development of economic theories from a number of reasons rather follows the practical outcomes of their "application" in economic policy than the...

This article focuses on applied general equilibrium models and explores main features of these models. Examples of successful applications of these models are demonstrated and appropriateness of the applied computable general equilibrium models in policy evaluation is assessed. Conditions of...

The article attempts to provide a definition of a still not well-defined concept of the new economy. It deals with characteristic features of the new economy and its socioeconomic implications. Empirical evidence on the existence of the new economy is presented. Importance of information and...

The article formulates the general political-economic possibilities for smoothing of business cycles under the realistic assumptions of the current credit-economy. Firstly it endeavours to explain the mechanism of the financial and real economy functioning with an emphasis on banking sector. The...

This paper aims to commemorate Albín Bráf and Josef Macek as the key figures in the history of Czech economic thinking. It focuses on three topics which their theoretical works had in common: firstly, the methodology of economics and its assesment as a social science, secondly, the solutions...

The article is the authors´ polemic against the review of their book Economic and Social History of Czechoslovakia, Volume II 1945-1992, which was published by Antonie Doležalová in Politická ekonomie No. 3/2012. In this context, the article also deals with general issues of economic...

Teachings of economic policy were present at the VŠE from its inception in 1953 needless to say that most activities were highly influenced by the ruling political climate. Despite all limitations there were some achievements of value, esp. works of prof. Olšovský and his team in 50s and...