Self-Management and Efficiency

The book, first published in 1983, examined whether the Yugoslavs' extensive implementation of their principle of self-management by small work units was costly in terms of economic efficiency. The author applies to large firms in former Yugoslavia the transactions cost analysis developed by the economist Oliver Williamson.

Stephen R. Sacks

Foreword; Introduction; 1. Divisionalization in Yugoslav Corporations 2. Giant Corporations in Yugoslavia 3. The Theory of Transfer Prices 4. The Efficiency of Divisionalized Corporations 5. Investment Decisions in the Devisionalized Firm 6. Case Studies 7. Divisionalization in Other Socialist Countries 8. Summary; References; Index