From Illyria towards Capitalism: Did Labour-Management Theory Teach Us Anything about Yugoslavia and Transition in Its Successor States&quest

Saul Estrin () and Milica Uvalic ()
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Saul Estrin: Department of Management, London School of Economics and Political Science, London WC2A2AE, UK.
Milica Uvalic: Department of Economics, Finance and Statistics, Faculty of Political Sciences, University of Perugia, Perugia, Italy.

Comparative Economic Studies, 2008, vol. 50, issue 4, 663-696

Abstract: This paper explores whether labour-management theory provides significant insights into the operation of the Yugoslav economy and into the process of transition in the Yugoslav successor states. It concludes that the literature offered only modest insights into the operation of the Yugoslav economy, primarily because Yugoslavia did not satisfy many of the basic assumptions of the model. The socialist features of the Yugoslav economy remained dominant, suppressing many of the elements of economic democracy. The most significant contributions of the labour-management literature were theoretical, concerning supply responses of worker-controlled firms in a decentralised source allocation mechanism and the incentive, organisational and efficiency aspects of labour-management. Comparative Economic Studies (2008) 50, 663–696. doi:10.1057/ces.2008.41

Date: 2008
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