Top 3 Quotes & Sayings by Michal Kalecki

Explore popular quotes and sayings by a Polish economist Michal Kalecki.

Last updated on November 23, 2024.

Michał Kalecki was a Polish Marxian economist. Over the course of his life, Kalecki worked at the London School of Economics, University of Cambridge, University of Oxford and Warsaw School of Economics and was an economic advisor to the governments of Poland, France, Cuba, Israel, Mexico and India. He also served as the deputy director of the United Nations Economic Department in New York City.

Polish - Economist | June 22, 1899 - April 18, 1970

Source: Wikipedia

It is indeed paradoxical that, while the apologists of capitalism usually consider the 'price mechanism' to be the great advantage of the capitalist system, price flexibility proves to be a characteristic feature of the socialist economy.

Michal Kalecki

The workers spend what they get, and capitalists get what they spend.

Michal Kalecki

The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.

Michal Kalecki

Top 3 Quotes & Sayings by Michal Kalecki

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