To Paul P.
Glad you're sticking around.
To Paul A.
The soft budget constraint does not hold under command
central planning where the central planners control
investment. It appeared in Hungary after command planning
was relaxed in 1968 where it was observed and labeled by
Kornai. Yes, it is a form of moral hazard.
To Jim D.
Most of the emigration was from the poorer republics
with higher URs such as Macedonia. Not an explanation for
the low UR in Slovenia which did just fine, thank you.
Yes, there is a financing problem for entry. Any
suggestions?
To Ken Hanly.
Do worker-owned firms exploit the worker-owners?
To Louis P.
You are partly right that there was a "white flight"
syndrome in Slovenia. It is hardly news that there were
severe religious/cultural differences in this region.
Blaming Slovenia for the Bosnian War is ridiculous. The
first shooting was the Yugo air force bombing the
Slovenians when they seceded. Go read the archives on my
and Paul P.'s long debate on the war. As for the
inequalities, well, for all its falling behind Slovenia,
Kosovo was still several times ahead of its Stalinist
command planned neighbor Albania in per capita GDP terms.
Barkley Rosser
--
Rosser Jr, John Barkley
[EMAIL PROTECTED]
