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“Each to One’s Own”: Albín Bráf’s Czech School of National Economy
Krameš, Jaroslav
Krameš, Jaroslav
Abstract
In this paper, we explore the development of Czech economic thought within the context of the 19th-century Czech National Revival. Influenced by Classical Political Economy, the German Historical School, and Austrian economics, Czech economists faced the challenge of advancing economic development for a nation without a state. Key issues included lending difficulties, a lack of entrepreneurship, and inadequate institutional infrastructure. A distinct Czech School of National Economy emerged around Albín Bráf to address these problems through education and national economic agitation. Using primary sources, we trace their contributions to economic thought and their influence on political and legislative changes.
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Date
2024
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Keywords
Bráf’s Czech School of National Economy, Czech economic thought, German Historical School, Austrian economics, Marginalism