In the paper, the author elucidates the fundamental characteristics of the economic democracy. Therefore, the concept is also introduced through its historical development beginning in the 18th century up to present day.
Particular space is devoted to the development of the concept in both theory and practice of the former Czechoslovakia. The focus is on the ideological diversity of the authors developing the concept of economic democracy, as well as the heterogeneity of the interpretations of its content.