Imrich Karvaš (25 February 1903 – 22 February 1981) was a Slovak economist.
Life
Imrich Karvaš was born in
Varšany, on 25 February 1903. He entered the Law Faculty of
Comenius University in Bratislava
Comenius University Bratislava () is the largest university in Slovakia, with most of its faculties located in Bratislava. It was founded in 1919, shortly after the creation of Czechoslovakia. It is named after Jan Amos Comenius, a 17th-century ...
in 1921, graduating in 1925. After graduation he pursued further studies in Paris and Strasbourg before returning to Slovakia to combine the role of academic economist with working for major financial institutions. In 1938 he entered
Jan Syrový
Jan Syrový (24 January 1888 – 17 October 1970) was a Czechoslovak general who was the prime minister of Czechoslovakia during the Munich Crisis.
Early life and military career
Jan Syrový studied building at a technical school. Follow ...
's government as Minister without portfolio. With the establishment of the
First Slovak Republic
First most commonly refers to:
* First, the ordinal form of the number 1
First or 1st may also refer to:
Acronyms
* Faint Images of the Radio Sky at Twenty-Centimeters, an astronomical survey carried out by the Very Large Array
* Far Infrared a ...
in 1939, he was appointed Governor of the Slovak National Bank, a position he combined with that of full professor of national economics at the University of Bratislava. In this capacity, he provided information to the
Bratislava Working Group (a Jewish resistance group) about anti-Jewish measures.

As the Governor of the Slovak National Bank he helped organize the
Slovak National Uprising
Slovak National Uprising ( Slovak: ''Slovenské národné povstanie'', abbreviated SNP; alternatively also ''Povstanie roku 1944'', English: ''The Uprising of 1944'') was organised by the Slovak resistance during the Second World War, directed ag ...
. To help finance the uprising he redistributed the financial and commodity reserves of the state to the center of the uprising in the city of
Banská Bystrica
Banská Bystrica (, also known by other #Etymology, alternative names) is a city in central Slovakia, located on the Hron River in a long and wide valley encircled by the mountain chains of the Low Tatras, the Greater Fatra, Veľká Fatra, and t ...
.
In September 1944, during the aftermath of the Slovak National Uprising, Karvaš was arrested by the Gestapo and sent to
Flossenburg concentration camp. He was condemned to death in February 1945, but the sentence was never carried out. Karvaš was among the
prisoners transferred to Tyrol in April 1945 and liberated there.
In 1947 Karvaš published his major work, ''Základy hospodárskej vedy'' (The Basics of the Economic Science), and went on to serve as dean and pro-dean of the Faculty of Law. In May 1949 the new Communist authorities sentenced him to two years in prison. In 1958 he was sentenced to a further 17 years, on charges of espionage and treason, but after 1960 he was rehabilitated, living the rest of his life in relative obscurity. He died in Bratislava on 22 February 1981.
Legacy
On 25 February 2020, the
National Bank of Slovakia
National Bank of Slovakia (, NBS) is the national central bank for Slovakia within the Eurosystem. It was the Slovak central bank from 1993 to 2008, issuing the koruna. Since 2014, it has been Slovakia's national competent authority within Eur ...
unveiled a bust of Imrich Karvaš located on the bank's headquarters.

The street in Bratislava, where the National Bank of Slovakia in located is named after Imrich Karvaš. In 1991, Karvaš was posthumously awarded the
Order of Tomáš Garrigue Masaryk by the president of Czechoslovakia
Václav Havel
Václav Havel (; 5 October 193618 December 2011) was a Czech statesman, author, poet, playwright, and dissident. Havel served as the last List of presidents of Czechoslovakia, president of Czechoslovakia from 1989 until 1992, prior to the dissol ...
. In 2001, the president of Slovakia
Rudolf Schuster
Rudolf Schuster (born 4 January 1934) is a Slovak politician, who served as the second president of Slovakia from 1999 to 2004. He was elected on 29 May 1999 and inaugurated on 15 June. In the presidential elections of April 2004, in which he so ...
awarded Karvaš posthumously the
Pribina Cross
Pribina (c. 800861) was a Slavic prince whose adventurous career, recorded in the '' Conversion of the Bavarians and the Carantanians'' (a historical work written in 870), illustrates the political volatility of the Franco–Slavic frontie ...
, 1st class in 2001.
Family
Karvaš had three children. His son
Milan Karvaš was a scientist and published a biography of his father, which serves as an important sources for historians studying contributions of Imrich Karvaš.
The granddaughter of Imrich Karvaš,
Ľubica Karvašová was elected to the
European Parliament
The European Parliament (EP) is one of the two legislative bodies of the European Union and one of its seven institutions. Together with the Council of the European Union (known as the Council and informally as the Council of Ministers), it ...
in 2024.
Works
*''Sjednocení výrobních podmínek v zemích českých a na Slovensku'' (Industrial employment in Czechoslovakia). Knihovna Sboru pro výzkum Slovenska a Podkarpatské Rusi při Slovanském ústavě v Praze 7; V Praze: Sbor pro výzkum Slovenska a Podkarpatské Rusi, 1933.
*''Problematika času v hospodárskej teorii'' (An inquiry into the problem of time). Práce Učené společnosti Šafaříkovy v Bratislavě 24; Bratislava: Učená společnost Šafaříkova, 1937.
*''Základy hospodárskej vedy'' (Principles of economic science). Martin, 1947.
*''Moje pamäti: V pazúroch gestapa'' (My memories: In the clutches of the Gestapo). Bratislava: NVK International, 1994.
Sources
*''Slovakia and the Slovaks: A Concise Encyclopedia'', edited by Milan Strhan, David P. Daniel (Encyclopedical Institute of the Slovak Academy of Sciences, 1994), p. 307.
*''World Biography'', Volume 1 (Institute for Research in Biography, 1947), p. 501.
References
{{DEFAULTSORT:Karvas, Imrich
1903 births
1981 deaths
Slovak economists
Slovak National Uprising
Dachau concentration camp survivors
Comenius University alumni
Academic staff of Comenius University
Slovak prisoners sentenced to death
People from Levice District
People condemned by Nazi courts
Prisoners and detainees of Czechoslovakia