“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.”
Quote by Michal Kalecki
Work
Selected Essays on the Dynamics of the Capitalist Economy 1933-1970
The book delves into the economic developments and theoretical perspectives that shaped the capitalist economy from 1933 to 1970, offering insights into key economic shifts and thought leaders of the era. more
Author
Michal Kalecki
Michal Kalecki was a prominent Polish economist known for his contributions to Keynesian economics. His theories had a profound impact on macroeconomics, development economics, and industrial organization theory. more
You May Also Like
“There is no problem with the opening of new houses of prayer for Lutherans and Pentecostals.”
“The matter of international relations is very subtle and exquisite.”
“We don't need this religious cosmopolitanism. It's no good.”
“But also, there are no films being made about Afghanistan.”
“The Buddhas had to be destroyed by the Taliban to get the world thinking about Afghanistan.”