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

dominance of bureaucratic
entrepreneurship, 112
economic crises, stagnation, 11,
120, 132, 135, 136, 141; and
economists, 107
economic growth, 124, 131, 136,
139; and Soviet-type pattern of
development, 131–2
economic performance, xxx, 11, 13,
104, 124, 129, 130–1, 135–8,
141
economic reform of 1965, xxvi,
119, 124, 141
economic reforms, xxx, 118, 120,
123, 124, 129–30, 131, 132,
139–42; and counter-reforms,
118, 125, 139; and political
reforms, 140; and transition, 140
economic systems, periodization,
119
Enterprise Law of 1989 and return
to capitalism, 135
entrepreneurship support, 107–8;
new entry promotion, 108
failures of self-management system,
11, 111–12, 115n
first five-year plan (1947–52), 120–1
foreign debt, 135–6, 138
foreign trade, balance, 123–4,
135–6, 137, 141
Free Exchange of Labour (FEL), 127
government control, intervention,
123, 124, 128, 129, 132, 136,
137
group ownership, 124
hyper-stagflation, 136, 138
inflation, 124, 136–7, 141
inflationary expectations, 137
institutional changes, 141
labour and capital markets, 123,
127, 133, 134, 135, 140
Long Run Stabilization Program of
1982, 132–3
Index 209
market socialism (1963–73), 119,
123–5, 133
‘Mikulić Commission’, 134
nationalism, xxvi, 11, 13; and
ethnic tensions, 132, 140, 142
permanent reforms, 123
political crises, 132, 142; and
stalemate, 133, 140
pooling of labour and resources,
126, 128
rational behaviour of agents, 128,
129
and real employee participation, 112
regional disparities in, 136, 138
Self-Management Agreements
(SMAs), 125–7
Social Contracts, 125–7
social crises, tensions, 132, 138, 140
socialization of the countryside, 127
social planning, 127, 134
soft-budget constraints, 137
and Soviet-type planned economy,
122
stabilization policies, 138;
shock-therapy stabilization
program of 1989, 141
structural change, 131–2
systemic transformation, 119, 139,
141; and role of political/
economic factors, 119, 122
transition, 140: and pre-conditions
for, 140–41
unemployment, 136, 137–8; and
underemployment, 138
wage v. accumulation dilemma, 128
workers’ control, 125
Working Organization (WO), 126,
127
see also Horvat Branko; Illyrian
theory of the firm;
labour-managed firm; Marxism;
self-management; social
ownership