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.
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
The volumes in this set, originally published between 1918 and 1997, draw together research by leading academics in the area of employee ownership and economic democracy, and provide a rigorous examination of related key issues. The volumes examine profit-sharing and employee share ownership, the Co-operative Movement, and an economic analysis of Mondragon. The volumes also explore the general principles and practices of employee ownership in various countries. This set will be of particular interest to students of economics and business studies.