Michal Kalecki Quotes

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

  Michal Kalecki

  Workers, Capitalist

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• 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

  Socialist Economy, Advantage, Characteristics

  Michal Kalecki (1971). “Selected Essays on the Dynamics of the Capitalist Economy 1933-1970”, p.97, CUP Archive

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• 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

  Country, May, Able

  Michal Kalecki (1971). “Selected Essays on the Dynamics of the Capitalist Economy 1933-1970”, p.85, CUP Archive

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