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An increase in the number of paupers does not broaden the market.
Michał Kalecki
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We have found that the degree of monopoly is likely to increase somewhat during depressions.
Michał Kalecki
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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.
Michał Kalecki
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Good authors, too, who once knew better words Now only use four-letter words Writing prose — Anything goes.
Cole Porter
Michał Kalecki
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Born:
June 22, 1899
Died:
April 18, 1970
(aged 70)
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