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Among others, the fourth pillar of the transformation of the national economy – changes in ownership rights – is formed by the privatization process, which the author addressed in the monograph Analysis of the Privatization Process in the Czech Republic (1). Restitution processes, liquidations and bankruptcies of state-owned enterprises and the transfer of state assets into municipal ownership are the remaining segments of the 4th pillar, which the author examines in this reviewed publication. However, the reviewed book is also quite closely connected to the first monograph, Development of Land Ownership and Related Processes in the Territory of the Czech Republic from the Year 1918 to the Present Day (2). At the time of writing this review, the author’s publication Analysis of the Privatization Process in the Czech Republic had a wide reader ́s response among both the professional and lay public; among others, it received the prestigious University of Economics Rector’s Award for the year 2016. The ambition of the author of all three publications was to qualitatively move the examined issue forward – to prepare three independent expert monographs based on analytical conclusions, and most importantly free from advocates’ subjective opinions and the methods, processes and philosophical approaches used by opponents. In his analysis, the author grasped the individual segments of the 4th pillar of the transformation of the national economy – changes in ownership rights comprehensively, and in all its relevant contexts: in terms of the legal framework and institutional securing, and especially the macroeconomic, statistical and factual analysis. The reviewed book logically loosely follows on from previous publications examining the privatization process and development of land ownership in the territory of the Czech Republic. Thus, it continues complementarily in analysing the development of the fundamental processes of the transformation of the national economy of the Czech Republic from the year 1989 to the year 2010, i.e. restitution processes, liquidation processes and bankruptcy-insolvency proceedings concerning state-owned enterprises, and the process of the transfer of state assets into municipal ownership. The thus-conceived

prague economic papers

The Third Book Containing a Professional and Impartial Analysis of Important Aspects of the Most Radical Changes in the National Economy since the Year 1918