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The Adam Smith address: Adam Smith's legacy and economic transformation of Czechoslovakia. (speech deliverd at the 34th Annual Meeting of the National Association of Business Economics) (Transcript)

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From: Business Economics
Date: 19930101
Author:Klaus, Vaclav

Adam Smith's free enterprise economics is relevant to the situation in Czechoslovakia. The principles of entrepreneurship forwarded by Smith serve as a clear guide for overall economic recovery. The Czechoslovakian government has used this guide to formulate a clear mission statement and a flexible reform strategy and to achieve price stabilization and privatization.

IT IS MOST intellectually stimulating for me to have this unique opportunity to speak here today and, in addition, to be somehow related to the name of the rounding father of economic science, Adam Smith.

As is well known ...

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