Svetozar “Steve” Pejovich: A Montenegrin-American Economist

Svetozar "Steve" Pejovich, Montenegrin-American economist, smiling during a filmed interview

🇲🇪 Svetozar „Stiv” Pejović (1931–2021), jedan od najpoznatijih crnogorskih intelektualaca u američkoj dijaspori, bio je ugledni ekonomista i profesor. Rođen u Crnoj Gori, nakon Drugog svjetskog rata odlazi iz komunističke Jugoslavije i emigrira u Sjedinjene Američke Države, đe će izgraditi izuzetnu akademsku karijeru, ali i ostati posvećen ideji lične slobode i protivljenja svakom obliku totalitarizma.

Doktorirao je ekonomiju na Univerzitetu Georgetown i predavao na Texas A&M univerzitetu, gdje je inspirisao generacije studenata. Njegov rad na teoriji vlasničkih prava i institucionalne ekonomije bio je pionirski, a posebno je značajna njegova uloga u tranzicionim procesima zemalja Istočne Evrope nakon pada Berlinskog zida. Bio je i konsultant Svjetske banke i jedan od autora koji su zagovarali tržišne reforme zasnovane na slobodi i odgovornosti.

🇺🇸 Svetozar “Steve” Pejovich (1931–2021), one of the most prominent Montenegrin intellectuals in the U.S. diaspora, was a renowned economist, professor, and champion of freedom. Born in Montenegro, he fled communist Yugoslavia after WWII and emigrated to the U.S., where he built a remarkable academic career while remaining deeply committed to liberty and individual rights.

He earned his Ph.D. in economics from Georgetown University and later taught at Texas A&M, where he influenced generations of students. His work in property rights theory and institutional economics was groundbreaking, and he played an important role in advising post-communist countries in Eastern Europe on how to build free-market institutions. He consulted for the World Bank and was a principled advocate of reforms rooted in individual liberty and personal responsibility.