The crucial problem of privatisation, and of the Czech economy transformation in the broad sense cannot be seen in the used forms of property right transformation and in the speed of privatisation and transformation steps. The basic problem consists in an institutional and ethical deficit. The...

The publication Privatization without Capital consists of three studies linked by an institutional view on selected issues of the Czech economic transformation. In the first paper, Karel Kouba presents the theoretical background of liberalization stabilization and privatization policies in...