Equality, Participation, Transition: Essays in Honour of Branko Horvat

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Tea Petrin and Alesa Vahcaica 117 Tung-Chun, H. (1997) ‘The Effect of Participative Management on Organizational Performance: The Case of Taiwan’, The International Journal of Human Resource Management, 8(5): 677–89. Vahcaica, A. (1996), ‘The Future of Self-management: Reflection’, in D. Fink- Hafner and J. R. Robbins (eds.) (1996), Making a New Nation: The Formation of Slovenia, Aldershot: Dartmouth. Vanek, J. (1972) The Labor-Managed Economy – Essays, Ithaca: Cornell University Press. Walton, E. (1987) Innovating to Compete: Lessons for Diffusing and Managing Change in the Workplace, San Francisco: Jossey-Bass. Watson, G. H. (1993) Strategic Benchmarking, New York: John Wiley and Sons.
8 Uneasy Symbiosis of a Market Economy and Democratic Centralism: Emergence and Disappearance of Market Socialism and Yugoslavia* Jozae Mencinger 8.1 Introduction The Yugoslav economic system served as the only example of a socialist market economy, even though the system evolved through many reforms. The motives for the reforms and, what I call, counter-reforms, differed. These systemic changes also differ from similar attempts in other socialist countries of Eastern Europe. In Yugoslavia, the changes brought by reforms were greater, their scope was not limited by external powers, and they were not related to changes in political leadership. The reforms, however, remained ‘half-hearted efforts to implement policies promoting free market exchange of goods and services’ (Katz, 1987). They, in particular, failed to delimit political power from economic power; counter-reforms were enacted when the market became too destructive to political monopoly of the Party and to the principle of democratic centralism. In the theory of economic systems, the Yugoslav economy served as the only example of what is called the self-managed, the participatory, the labour-managed or the socialist market economy. Benjamin Ward’s Illyrian firm, Evsey Domar’s producer cooperative, Jaroslav Vanek’s labour-managed market economy, and Branko Horvat’s realistic model were all directly or indirectly inspired by the particular features of the Yugoslav institutional setting. This setting, however, was not particularly stable and often differed considerably from its theoretical blueprints. * The original version of the paper was written before political and systemic change. Section 8.6 was added afterwards. 118
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Equality, Participation, Transition
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First published in Great Britain 20
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vi Contents 9 Self-Management, Empl
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List of Figures 02.1 First Law of O
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x Foreword institution most dear to
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Notes on the Contributors Ivo Bića
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xiv Notes on the Contributors membe
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xvi Notes on the Contributors done
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xviii Notes on the Contributors pri
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Introduction: Branko Horvat - Beyon
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xxii Introduction Dame (1978), Univ
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xxiv Introduction theory led him to
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xxvi Introduction though friendly,
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xxviii Introduction The second pape
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xxx Introduction disciplines such a
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Branko Horvat: Select Bibliography
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xxxiv Branko Horvat: Select Bibliog
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xxxvi Branko Horvat: Select Bibliog
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xxxviii Branko Horvat: Select Bibli
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2 Horvat’s Contributions to Econo
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10 Horvat’s Contributions to Econ
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2 Individual Initiative, Entry and
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28 Egalitarianism On Its Own Thomas
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30 Egalitarianism On Its Own projec
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32 Egalitarianism On Its Own absenc
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34 Egalitarianism On Its Own tithin
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36 Egalitarianism On Its Own what s
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38 Egalitarianism On Its Own 100% 9
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40 Egalitarianism On Its Own contri
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42 Egalitarianism On Its Own anothe
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44 Egalitarianism On Its Own politi
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46 Egalitarianism On Its Own Eckel,
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4 Determinants of Cross-Country Inc
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50 Determinants of Income Inequalit
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56 GINI GINI 65 60 55 50 45 40 35 3
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Table 4.2 The regressions: dependen
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Page 119 and 120: 5 Illyrian Theories of Cooperative
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Page 137 and 138: EMPLOYEE RETURN ONLY PROFIT PROFIT
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Page 141 and 142: 7 Employee Involvement and the Mode
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Page 159 and 160: 120 Market Socialism in Yugoslavia
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Page 189 and 190: Table 9.1 Methods of privatization
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168 Privatization: Evidence from Es
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11 Growth Theory and Transition Eco
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186 Growth Theory and Transition Ec
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202 Index economic growth - continu
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204 Index Horvat, Branko - continue
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206 Index neoclassical economics -
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208 Index ‘third way’, 88, 104
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Equality, Participation, Transition: Essays in Honour of Branko Horvat

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