Abstract
The dynamics of economic development divides the normalization period into several phases. In the first half of the 1970s, relative normalization prosperity was ensured by the economic growth started during the Prague Spring.
After that the sources of economic growth ran out and the Czechoslovak economy was hit by the consequences of oil shocks. The decline of living standards undermined the normalization leadership's efforts to achieve social consensus.
The remediation was seen in the so-called improvement of the planned management system. Its dysfunction and the etablishment of perestroika in the Soviet Union forced the leadership of the Communist Party to introduce reform changes in the management system, but only those that would not threaten its monopoly of power.
The politically subordinated economic system permanently reproducing economic imbalance fell at the same time as the communist party's monopoly of power.