The 1980s were a period of a worsening economic situation in Czechoslovakia. The Communist Party of Czechoslovakia searched for ways how to reform the economy while retaining their grip on power.
One of the tools to find a solution was the newly established Forecasting Institute of the Czechoslovak Academy of Sciences. This institute devised the most radical reform plans in late-socialist Czechoslovakia and became workplace for many people who later carried out the post-communist transformation.
During their work, it became evident that there is a growing consensus on the principles of the economic reform. The future differences were not yet visible as they consisted in how exactly the reform should be carried out and the evaluation of current economic situation.
And the time was not ripe yet. The revolution in 1989 opened new possibilities.
It enabled a substantial transformation and democratisation of the political system, calls for "return to Europe" and setting the way for European integration and even a more radical economic transformation. But the basis of the economic transformation reached in its principles an agreement among many experts already before.
In my contribution, I will focus on continuities of economic thought and on the struggle between different streams of economic thought. The one, which was the basis on which the economic transformation was carried out and the alternative streams of economic thought.