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The Development of the Czech Economy and of Its Position in Europe in the First Half of the Next Century - an Attempt to Apply and Expand on Janossy's Theory of Economic Miracles

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  • Jiří Sláma

Abstract

After the second world war "economic miracles" occurred in a number of countries. One of the most creditable theories of economic miracles is the work of the Hungarian economist Ferenc Jánossy. I try to expand and to apply Jánossy's theory to our country. According to my study we should reach the economic level of Austria and Germany around the year 2030, the level of the USA between the years 2040 and 2050 and of an average EU country between the years 2020 and 2030. The condition of that is the change of social behaviour of our population according to the needs of market economy.

Suggested Citation

  • Jiří Sláma, 1998. "The Development of the Czech Economy and of Its Position in Europe in the First Half of the Next Century - an Attempt to Apply and Expand on Janossy's Theory of Economic Miracles," Politická ekonomie, Prague University of Economics and Business, vol. 1998(6).
    • Handle: RePEc:prg:jnlpol:v:1998:y:1998:i:6:id:261
    DOI: 10.18267/j.polek.261
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