The History and Development of Business Economics Science

The paper aims to show a comprehensive insight into the history of business economics science in the Czech Republic, marginally also on the European continent and worldwide. It depicts business economics in its beginning as a doctrine that was largely underestimated. This science was, for a very long time, a part of economics (national/public); only slowly has it gradually become an autonomous branch of science. This article shows historical attitudes to the theory of business in Bohemia as well as abroad since the end of the nineteenth century up to this day. It describes the period of statism in Bohemia within the context of business economics, it focuses on fundamentals of this science and depicts consecutively aspects from which the theory of business economics as a science arises in the transition period to free market economy. The paper discusses the future of business economics as a science that, considering current economic conditions worldwide, has a huge potential to grow. The article contributes to the worldwide discussion about its further development.