ABSTRACT
The concepts of market economy can easily assume the place of state ownership and planned economy in union with the "ideal of paradise", which was the fundamental pivotal point of the preceding political regimes. The basic framework of the Czechoslovak economic reform achieved the form of a relatively comprehensive project in the course of 1990. The rates of interest follow from the discount rate of the State Bank of Czechoslovakia. As indicated by results of the Independent Social Analysis Group, the phenomenon could be interpreted as reflecting the dominance of both the structuralization of the prevailing value orientation and the definition of the economic situation within the time period at least coinciding with the commencement of the privatization process. The fundamental logic of the so-called Transformation Act seems to be aimed at this transfer by which the institutional implementation of the privatization process in the narrower sense is to be expressed.
