Michal Kalecki Professions : Economist Born : June 22, 1899 Died : April 18, 1970 Browse All Authors Top 3 quotes by Michal Kalecki The workers spend what they get, and capitalists get what they spend. Michal Kalecki capitalist workers 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 able may country 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 characteristics advantage Similar Authors Bryan Caplan economist Burton Malkiel economist Bruno Frey economist Brian Wesbury economist Branko Milanovic economist Andrew Samwick economist All Authors