The ideology of classical liberalism has been present in the territory of the former Yugoslavia since the late 19th century, but its flourishing has been impeded by the region’s tumultuous history, prolonged nation-building, wars, and a communist dictatorship. In the post-communist transition, classical liberalism is being rediscovered. Classical liberal economists today are in the minority, but their media presence is relatively strong and their impact on opinion and policymaking is noticeable. Academic economics is on average less market-oriented than in the American academic scene, but it is more policy-oriented and practical.