Self-Management and Efficiency: Large Corporations in Yugoslavia

1st Edition

Stephen R. Sacks

Routledge
Published April 16, 2019
Reference - 176 Pages
ISBN 9781138309869 - CAT# Y367808
Series: Routledge Library Editions: Employee Ownership and Economic Democracy

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Summary

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. Were they atomizing their firms into inefficiently small fragments? Was the system of worker self-management appropriate only for small firms? Can a modern industrial enterprise of efficient scale, indeed very large scale, by run that way? In order to answer these questions, the author applies to large firms in former Yugoslavia the transactions cost analysis developed by the economist Oliver Williamson.

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