Abstract
Alois Rašín (1867-1923) was a Czech and Czechoslovak politician, economist, one of the founders of Czechoslovakia and its first finance minister. Alois Rašín is also the author of the first Czechoslovak law and the creator of the national currency, i.e. the Czechoslovak koruna. Rašín was a representative of conservative liberalism. The paper presents a review of Alois Rašín's concepts, views as the Minister of Finance of Czechoslovakia. Particular attention was paid to his efforts to regulate the currency and monetary system of Czechoslovakia, and to fight galloping inflation (hyperinflation). Rašín supported the free competition, believed in an entrepreneurial society, and believed that the state should strive to maintain a balanced budget.
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