The position of Czech public finances has been pronounced unsustainable by economists, while politicians claim more or less the opposite. Correct judgment is complicated by the purposeful use of arguments by the two groups in disagreement, by use of different methodology to collect the data and above all, by the fact that there is no precise benchmark for measuring the sustainability. My work attempts to surpass those complications. It attempts to shed more light on Czech public finances sustainability and to present further arguments, presenting Czech public finances in widest international context possible and using comparable, samemethodology based data, as well as different approaches and angles public sector can be looked upon. Despite my believe that careful reader should be allowed to arrive to his own conclusion, the analysis suggests that concerns of economists about the future development of Czech public finances are legitimate.
An edited version of a semi-autobiographical piece that Terence Hutchison wrote in 2001-2003, shortly before his death, in which he reflected on the methodological developments in which he had been involved, centred on the London School of Economics, in the 1930s. It explains very clearly the context out of which his own work arose. Particular attention is paid to the work of Lionel Robbins, Frank Knight and the philosopher Felix Kaufmann.Hutchison, Robbins, Hayek, Kaufman, methodology, uncertainty,
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