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Yugoslavia: The Case of Self-Managing Market Socialism

Saul Estrin · Journal of Economic Perspectives, 5(4) · 1991

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Type: Article
Author: Saul Estrin
Accessed: 2026-09-01

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EstablishedSelf-management gave workers and managers more real autonomy than in other socialist economies, but the evidence suggests management guided most decisions, with workers most involved in welfare, employment and pay questions.DisputedEconomists disagree on how far self-management explains Yugoslavia's later stagnation: Estrin points to weak enterprise governance and bargaining that replaced markets after 1974, while Estrin and Uvalić argue labour-management theory explained little because socialist features dominated.