Freedom, Property Rights and Innovation in Socialism.
The central issue in this paper is the effect of alternative property rights on the flow of innovation. The line of reasoning in the paper is exampled by reference to the Yugoslav e conomy. The paper concludes that labor participation in management co llectivizes innovation, a purely individual phenomenon, and alienates the innovator from its outcome. In comparison with a private propert y, free-market economy, self-management reduces the number of potenti al innovators, their power to innovate, and incentives to innovate. Copyright 1987 by WWZ and Helbing & Lichtenhahn Verlag AG
Year of publication: |
1987
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Authors: | Pejovich, Steve |
Published in: |
Kyklos. - Wiley Blackwell, ISSN 0023-5962. - Vol. 40.1987, 4, p. 461-75
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Publisher: |
Wiley Blackwell |
Saved in:
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