Abstract
This note builds upon research by Estrin and Uvalić that shows that the labor-managed firm (LMF) in the Yugoslav economy was much closer to the enterprise in Soviet-type economies than has usually been believed. It attempts to characterize concisely the Yugoslav enterprise, underline the differences between it and enterprises in Soviet-type economies, see how the Wardian model is relevant to aspects of the Yugoslav labor market, and show graphically that, unlike the unemployment inducing Yugoslav-type labor-managed market, LMFs or cooperatives fit well into capitalist markets. It concludes claiming that constrained capital markets make labor and goods markets unfree and inefficient.
Original language | English |
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Pages (from-to) | 676-695 |
Number of pages | 20 |
Journal | Comparative Economic Studies |
Volume | 56 |
Issue number | 4 |
DOIs | |
State | Published - 11 Dec 2014 |
Bibliographical note
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Keywords
- cooperatives
- Labor-managed firm
- Yugoslav labor market