How Redistribution Hurts Productivity in a Socialist Economy (Yugoslavia)
Milan Vodopivec
Jan 1990 · World Bank Publications
Ebook
39
Pages
About this ebook
In socialist economies, profitable firms are taxed to subsidize unprofitable ones, and productive workers subsidize unproductive workers. Yugoslav firms, Vodopivec concludes, produce less because of both types of redistribution.
In socialist economies, profitable firms are taxed to subsidize unprofitable ones, and productive workers subsidize unproductive workers. Yugoslav firms, Vodopivec concludes, produce less because of both types of redistribution.
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