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

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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.)

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

Suggested Citation

  • Saul Estrin & Milica Uvalic, 2008. "From Illyria towards Capitalism: Did Labour-Management Theory Teach Us Anything about Yugoslavia and Transition in Its Successor States?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 50(4), pages 663-696, December.
    • Handle: RePEc:pal:compes:v:50:y:2008:i:4:p:663-696
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    Citations

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    Cited by:

    1. Burdín, Gabriel & Dean, Andrés, 2012. "Revisiting the objectives of worker-managed firms: An empirical assessment," Economic Systems, Elsevier, vol. 36(1), pages 158-171.
    2. Josef C. Brada & Paul Wachtel, 2018. "Comparative Economic Studies and Comparative Economics: Six Decades and Counting," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(4), pages 638-656, December.
    3. Estrin, Saul & Uvalic, Milica, 2021. "The life and works of Domenico Mario Nuti, 1937–2020: an appreciation," LSE Research Online Documents on Economics 111911, London School of Economics and Political Science, LSE Library.
    4. Uvalic, Milica, 2010. "Transition in Southeast Europe: Understanding Economic Development and Institutional Change," WIDER Working Paper Series 041, World Institute for Development Economic Research (UNU-WIDER).
    5. Burdin, Gabriel, 2013. "Are Worker-Managed Firms Really More Likely to Fail?," IZA Discussion Papers 7412, Institute of Labor Economics (IZA).
    6. Gabriel Burdín, 2014. "Are Worker-Managed Firms More Likely to Fail Than Conventional Enterprises? Evidence from Uruguay," ILR Review, Cornell University, ILR School, vol. 67(1), pages 202-238, January.

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