There is a prevailing conviction as to the fact that economic growth and increased employment will be achieved through investments into information and communication technology and support for innovation, especially in the area of "the knowledge economy". The foundation of this trend involves the building of teaching organisations. There, emphasis is placed on the preservation, remembering and reuse of good practice, knowledge and tried-and-tested procedures, i.e. certain forms of know-how,

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... h employees have acquired, created and applied prior to leaving a company or retiring. The preservation of various historical points of view of the development of the company, the state and society is an irreplaceable intellectual and spiritual treasure. A number of companies have even established their own museums and the Czech National Bank provides a unique view of the history of money. However, the development of the capital market in the Czech Republic, including the stock exchange, has yet to be comprehensively mapped out. Opinions of the current standing of the Prague Stock Exchange are somewhat negative in many respects. Questions are being ask amongst the lay and professional public as to whether this was always the case or whether a degree of optimism existed in the Czech capital market at the time of the establishment of the stock exchange in Prague and during its initial years. It is only possible to answer such questions by performing the detailed mapping out of the historical situation from various points of view, including the temporal dimension. The book entitled "The Prague Stock Exchange (1993)(1994)(1995)(1996)(1997)" by Vladislav Pavlát, which has been published by the University of Finance and Administration, has certainly performed just such a task. This is a monograph which summarises and develops the results of the author's long-term active scientifi c, research, organisational and publication activities from various points of view throughout the development of the capital market in the Czech Republic. The reviewers have named a number of his previous publications in the monograph. However, this monograph has a completely diff erent quality than those other works. It diff ers from the previous books in that it presents highly detailed information from many meetings (including international ones), which V. Pavlát led or