Basic Institutions of the Labor-Managed Economy

Part of the International Studies in Economics and Econometrics book series (ISEE, volume 22)


In 1948, the Yugoslav economic system was a carbon copy of the Soviet-type economy. After breaking with the USSR in 1948, the Yugoslav ruling elite embarked on a series of institutional changes. The purposes of those changes were several: to maintain the political and economic monopoly of the ruling group, to preserve some essential characteristics of socialism, to open the economy to trade with the West, and to improve the production efficiency of the system.


Social Contract Capital Good Business Firm Ruling Group Contractual Planning 


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Suggested Readings

  1. Bajt, A. Samoupravni Oblik Drustvene Svojine, Zagreb: Globus, 1988.Google Scholar
  2. Pejovich, S. The Market-Planned Economy of Yugoslavia, Minneapolis: University of Minnesota Press, 1966.Google Scholar
  3. Sekulich, D. “Socio-Economic Relations and Development in the Self-Management System,” Paper presented at the 17th Karl Brunner Symposium, Interlaken, 1990.Google Scholar

Copyright information

© Kluwer Academic Publishers 1990

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