Hayek Liberal Association, it was founded by Jiří Schwarz, Tomáš Ježek and Miroslav Ševčík in autumn 1989, and registered on February 6, 1990 under its current name.

[3] A team led by Josef Šíma translated many seminal books on classical liberal economics in the 1990s and 2000s, including works by Adam Smith, Ludwig von Mises, Frédéric Bastiat, Mancur Olson, Milton Friedman, and Gary Becker.

In recent years, the institute has begun promoting social liberties including immigration,[7] same-sex marriage,[8] abortion,[9] and free speech.

In addition to its own publications, the Liberal Institute has published a number of Czech translations of foreign books, including The Wealth of Nations, Theory of Moral Sentiments, Economics in One Lesson, Man, Economy, and State, and Free to Choose.

The mission initially focused on bringing humanitarian aid to the Slovak-Ukrainian border and transporting refugees back to Prague or other destinations.

[13] In April 2022, thanks to a controversy with Hnutí pro život, a Czech pro-life movement, Operation "Kyseláč" raised CZK 2.3 million to buy abortion pills.