The Economics of Workers' Management

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.

Foreword; Introduction; Part One: Workers' Management in Yugoslavia: An Overview; 1. The Yugoslav Setting: Geography, Population, Social and Economic Background 2. Self-government of the Working People and Workers' Management: Objectives and Means of Implementation 3. Institutional Background and General Economic Policy 4. The Worker-managed Enterprise as an Institution 5. Enterprise Planning and Income Distribution Process; Part Two: The Economic Behaviour of the Worker-Managed Enterprise; 6. General Models of Economic Behaviour (1) The 'Illyrian' Firm of Professor Ward 7. General Models of Economic Behaviour (2) Realistic Models in Yugoslav Theory and Practice 8. General Models of Economic Behaviour (3) The Pragmatic Enterprise Centred Models 9. General Models of Economic Behaviour (4) Elements for a Preliminary Synthesis 10. The Medium- and Long-term Policy of the Enterprise (1): Capital, Investment and Growth 11. The Medium- and Long-term Policy of the Enterprise (2): Amortization, Interest and Loan-financing 12. Further Aspects of Enterprise Behaviour; Bibliography; Index