A11 - Role of Economics; Role of Economists; Market for EconomistsReturn

The paper explains the relationship between the unemployment and structure of supply of the real estate market during the 20's and 30 's of 20th century in Czechoslovakia. There are four segments of the real estate market investigated, such as rental, home ownership, farmhouse and residential buildings. Correlations between the unemployment and rental sector and the farmhouse sector were found out. A certain correlation was discovered even between the farmhouse sector and the residential building sector. In the paper, the reasons of this relationship in conditions of the Czechoslovak real estate market are presented.

This article is dedicated to forming the subject of economic science in the theory K. Englis. In the first part the historical context shaping national economic science in the Czech lands is defined. Next, the specific conditions applying to the creation of the Brno school are identified. The second part shows the continuity of Englis's approach to the subject in the context of Braf's economic views. However, the Englis's ability to break away from the established framework and in original way combine the positive interpretation of economic theory with the tradition of the social context of practical economic policy is demonstrated.