Download or read book How Redistribution Hurts Productivity in a Socialist Economy (Yugoslavia) written by Milan Vodopivec and published by World Bank Publications. This book was released on 1990 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.