The Economics of Workers' Management: A Yugoslav Case Study (Routledge Library Editions: Employee Ownership and Economic Democracy)

The object of this study, originally published in 1972, consists in developing, against the background of Yugoslav theory and practice, a general theory of the behaviour of economic productive units (the enterprises), managed by those who work therein (the workers or producers) whose reward for work in their share in the group’s net income. This title will be of interest to students of employee ownership and economic democracy. Cover Half Title Page Title Page Copyright Page Original Title Page Original Copyright Page Foreword Contents Tables Introduction The Specific Object of the Study Method, Sources and Scope General Presentation and Plan of the Study Part One—Workers' Management in Yugoslavia an overview: an overview I The Yugoslav Setting: Geography, Population, Social and Economic Background II Self-government of the Working People and Workers' Management: Objectives and Means of Implementation Economic Objectives and Policy Instruments Socio-political and Welfare Objectives III Institutional Background and General Economic Policy Territorial Self-government and the Federation Political and Social Organizations Economic Organizations and Social Research Economic Policy and Planning, 1950-68 IV The Worker-managed Enterprise as an Institution V Enterprise Planning and Income Distribution Process The Role of Planning in the Yugoslav Firm The Technique of Income Distribution Part Two—The Economic Behaviour of the Worker-Managed Enterprise VI General Models of Economic Behaviour (1) The 'Illyrian' Firm of Professor Ward VII General Models of Economic Behaviour (2) Realistic Models in Yugoslav Theory and Practice (a) The Emancipated Labour and Profit or Surplus Value Maximizing Enterprise (b) The Producers' Income Maximizing Enterprise VIII General Models of Economic Behaviour (3) The Pragmatic Enterprise Centred Models (a) The General Productivity Model, or Uniform Indices of Business Success and Income Distribution (b) The Enterprises' Own Models and Actual Patterns of Behaviour IX General Models of Economic Behaviour (4) Elements for a Preliminary Synthesis (i) Towards a Vectoral Model (ii) The Vectors (iii) Potential Uses and Limitations X The Medium- and Long-term Policy of the Enterprise (1): Capital, Investment and Growth (i) General Survey of Growth-oriented Activities of a Worker-managed Firm (ii) The Capital Resources of the Yugoslav Firm: Physical and Financial Assets, their Origin and their Management XI The Medium- and Long-term Policy of the Enterprise (2): Amortization, Interest and Loan-financing XII Further Aspects of Enterprise Behaviour A. The Actual Economic Behaviour of the Firm (a) Capital, Interest, Investment and Growth (b) Labour, Work, Employment and Skill (c) Current Business Management, Production and Marketing (d) Remuneration for Work and Overall Distribution of Personal Incomes B. Other Relevant Aspects of the Economic Behaviour of the Worker-managed Enterprise Bibliography Introductory Note Table of Contents Bibliography Index