Remarks of prime minister of the ČR Václav Klaus

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Prague Economic Papers, 1997, vol. 1997, issue 3

Abstract: In his speech Klaus remembers the role of Milton Friedman in economics science and economic policy in the second half of the 20th century. The ideas of Friedman, influenced whole generations of economists not only in his own country, in the United States or in the Western world, but in our part of the world as well. He pointed out that Friedman`s work (Klaus cited Restatement of the Quantity Theory of Money and Essays in Positive Economics) was also discussed in former communist countries. That time it helped, Klaus personally and many others too, to understand economic reality, economics, to understand its methodology, the role of market in the society and especially the role of money. Friedman`s work helped us to understand the logic of the transformation of a communist country into a free society and a full-fledged market economy.

Date: 1997
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