Self-Management: Economic Theory and Yugoslav Practice
The subject of self-management - of companies in which the decisions are made by the work force rather than by the managers or owners - has long been of interest both to economists and to a wider audience. In this 1984 book Saul Estrin offers a comprehensive survey of how workers' self-management has influenced industrial structure and the allocation of resources in Yugoslavia, where a system of this type has operated since the 1950s. The book will interest economists concerned with the likely impact of workers' participation as well as specialists in self-management theory and the operation of the Yugoslav economy.
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The theory of a selfmanaged economy
The Yugoslav environment
Yugoslav industrial structure
Some consequences of selfmanagement
An explanation of Yugoslav income differentials
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adjustment assumption average earnings behaviour capital stock capital-labour ratio capitalist changes Chapter choice of technique Cobb-Douglas coefficient of variation communist comparative statics concentration ratios cooperative cost cross-section regressions decision-making declined differences dinar earnings equations economic effects empirical employment enterprise equilibrium estimated Estrin factor firm numbers firm size groups homothetic hypothesis imperfections imperfectly competitive income differentials income dispersion increase independent variables industrial sector industrial structure input inter-sectoral interest rate investment isoquant labour force labour market labour productivity long-run marginal product marginal revenue market self-management maximising measured ment mergers monopoly power number of firms optimisation problem output Pareto efficiency pattern period product price production function Reforms regional relatively relevant residual efficiency returns to scale scale parameter sectoral level self-managed firms self-management theory Serbia significant Slovenia Table tion value marginal product Vanek Visible Hand wages workers World Bank Yugoslav income Yugoslav industrial Yugoslavia