By Dr Selwyn R. Cudjoe
October 03, 2019

In the early 1970s when Marxist economics was all the rage, several Caribbean graduate students attended to the classes of Jaroslav Vanek, an economist and professor at Cornell University. He was known worldwide for his research on labor-managed economies or what he called “participatory economies.” Yugoslavia’s President Tito (1843-1980) was in power and was following this approach to social and economic development.
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