Below is the text of a speech which President Vaclav Klaus of the Czech Republic gave last Sunday in Aix-en Provence (France). We thank President Klaus for his kind permission to republish his speech at this website.
Thank you for the invitation to come to Aix, for giving me a chance to address this reputable audience where I see many friends and, above all, thank you for continuing to organize the Summer University. I only don’t understand why you call it Summer University of the New Economics. Which one is the old one? We have only one, good, old economic theory and it is our adversaries who use the term “new economics” as an attack on our views.
This year’s main topic of your gathering is “Markets and Morality.” I only hope that by choosing this title you wanted to say that there is no morality, at least in the public arena, without markets. It is an important and, again, a very old message. In our early post-communist years, I was being often patronized that what we needed then was morality, whereas I stubbornly repeated that what we needed w ...Read the full article