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Individualistic Mentality and Economic Education

Jozef Horeháj, Ľuboslava Kubišová

Transformation of totalitarian and centrally regulated society to democratic and free market one initiated, two decades ago, large changes involving all spheres of the society. In the economic area, the transformation to a more efficient market system started, following its deformations which were the result of the forty years of collective ownership and centrally planned economy that had led to lagging economic performance, efficiency and productivity behind developed countries.