The Yugoslav Economy: Systemic Changes, 1945-1986

In the theory of economic systems, the Yugoslav economy serves as the one example of the self-managed, participatory, labor-managed, socialist market economy. Benjamin Ward's "lliyrian firm" (Ward, 1958), Evsey Domar's "producers' cooperative" (Domar, 1966), Jaroslav Vanek's "tabormanaged market eco~omy" (Vanek, 1970) and Branko Horvat's "realistic model" (Horvat, 1972) have all been (iirectly or indirectly inspired by the particularities of the Yugoslav institutional setting. This setting has, however, not been very stable. Thus, Yugoslav post-war systemic development is often divided into distinct systemic periods.