1st Edition

Socialist Economics in Yugoslavia A Critical History

By Marko Grdešić, Mislav Žitko Copyright 2026
196 Pages 1 B/W Illustrations
by Routledge

196 Pages 1 B/W Illustrations
by Routledge

This book presents a critical history of Yugoslav socialist economics, from its inception in the late 1940s to its dissolution in the late 1980s. After the dramatic break with the Soviet Union in 1948, Yugoslavia found itself in urgent need of a third way: A socialist trajectory which would not resemble the Soviet model nor succumb to the imperatives of capitalist modernization. This monumental... Read more

List of tables

Acknowledgements  

1. Introduction: Socialist Economics in Yugoslavia

2. The genealogy of the Yugoslav model

3. The political economy of socialism  

4. Workers gonna work it out?

5. Out with the old, in with the new

6. The end of the Yugoslav model

Appendix A: The labor-managed firm

Appendix B: The Yugoslav economy in data

Appendix C: The disciplinary development of Yugoslav economics

References

Index

Biography

Marko Grdešić is Associate Professor, Faculty of Political Sciences, University of Zagreb, Croatia.

Mislav Žitko is Assistant Professor, Faculty of Philosophy, University of Zagreb, Croatia.

Paul Stubbs

The Institute of Economics, Zagreb

Author of The New International Economic Order: Lives and Afterlives

 

This comprehensive, nuanced, in-depth study of the history of the field of professional economics in socialist Yugoslavia takes seriously the relative autonomy of the profession as it emerged after the revolution and consolidated its position subsequently. It explores the deep contradictions of Yugoslavia's supposed exceptionalism in terms of in its socio-economic system and insists on the value of a comparative methodology. It is a path-breaking, inter-disciplinary, study, valuable not only because it revisits an important, if relatively neglected, spatio-temporal conjuncture but also because of the lessons it offers for contemporary emancipatory projects. It will become a point of reference for historical analyses of socialist economics, of great interest and value to students, researchers, and activists alike.

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Branko Milanović

Graduate Center, City University of New York

Author of Visions of Inequality: From the French Revolution to the End of the Cold War

 

In this splendid book, Marko Grdešić and Mislav Žitko trace the intellectual history of the rise and fall of the specifically Yugoslav political economy. It was a unique political economy because the circumstances were unique: companies managed by workers, capital owned by “society”, and goods and services sold under market conditions. Thirty years ago at the apex of neoliberalism that theory seemed unimportant and quaint. But as some forms of labor management, workers’ agency, and shareholder capitalism reemerge, the discussions of Yugoslav political economy may surprisingly become relevant again.