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Socialist self-management or self-governing socialism was a form of workers' self-management used as a social and economic model formulated by the Communist Party of Yugoslavia. It was instituted by law in 1950 and lasted in the Socialist Federal Republic of Yugoslavia until 1990, just prior to its breakup in 1992.[1]
The main goal was to move the managing of companies into the hands of workers and to separate the management from the state and it was further solidified by law in the 1974 Yugoslav Constitution.[1] It was also meant to demonstrate the viability of a "third way" between the capitalist United States and the socialist Soviet Union.[2]
Based on market-based allocation, social ownership of the means of production and self-management within firms, this system substituted for Yugoslavia's former Soviet-type central planning.[3]
- ^ a b "Definition of Socialist self-management (Yugoslavian policy)". Encyclopædia Britannica. Retrieved 8 May 2020.
- ^ Robertson, James (17 July 2017). "The Life and Death of Yugoslav Socialism". Jacobin. Archived from the original on 20 July 2017. Retrieved 16 May 2020.
- ^ Estrin, Saul. 1991. "Yugoslavia: The Case of Self-Managing Market Socialism." Journal of Economic Perspectives, 5(4): 187–194.