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In the first half of the 1960s, especially during the crisis years 1962 to 1964 (see Appendix Table),² the neo-Stalinist leaders of the Czechoslovak Communist Party felt impelled by the deterioration of the economy to question the advice of textbook economists who had been preaching the benefits of socialism without considering the specific problems of their own country. Novotný and his colleagues were at last prepared to seek an escape from the impasse by considering solutions that radical critics of existing practices were putting forward. Their voices were being heard in research institutes and other bodies dealing with economic theory and practice, above all in the Economic Institute of the Czechoslovak Academy of Sciences, headed from early 1962 by Professor Ota Šik.

DOI: 10.1007/978-1-349-10644-8_13

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