This article explains fundamental context of the rise and development of the economic school that was formed at the Masaryk university in Brno in the 1920s and 1930s. The founder and leading representative was K. Engliš, a czech economist and the first rector of the Masaryk university. The author of this article emphasizes the contribution of F. Weyr, the founder of normative legal theory to developing the fundamentals of theleological method. Emphasis is placed upon peculiarities of noetic approach of theological method in economic science, discussions on method and disputes within the school the second part analyzes the contribution of V. Chytil, a disciple of K. Engliš, in particular controversies on identity and differences of the methods of K. Engliš and O. Spann