||The paper presents an attempt to trace interfaces between the past and present of Czech economic thought and identify its place in the world economic thought. The first section of the paper is describing the roots: a birth of Czech economic science in the second half of 19th century, a short period of development of economic thinking in the independent Czechoslovakia after the World War I, the first period of discontinuity and domination of dogmatic stalinism in the end of 1940s and beginning of 1950s, the attempts to cultivate economic doctrine of socialism in 1960s, the second period of discontinuity in the 1970s, and a painful effort to overcome taboos in 1980s. In the second section the turning point in the development of the discipline in the beginning of 1990s and changes of infrastructure of economic research and education after 1993 is characterized. The third section deals with continuity and discontinuity of theoretical and methodological orientation of the economic science in the country. The fourth section tries to evaluate the major theoretical and practical efforts of Czech economists in the first half of nineties when the economic transition was designed. The fifth section provides an empirical evidence about performance of Czech economists on the domestic and international academic market. The last section briefly outlines the perspectives of development in the 21st century. Some matter of fact information is provided in tables.