We have found that the degree of monopoly is likely to incr… - Michał Kalecki

" "
We have found that the degree of monopoly is likely to increase somewhat during depressions.

Michał Kalecki

Sources available for members. Sign up free to see where this quote comes from

English

Collect this quote

About Michał Kalecki

Michal Kalecki (June 22, 1899, in Łódź – April 18, 1970, in Warsaw) was a Polish Marxist economist who specialized in macroeconomics of a broadly-defined Keynesian sort. 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 as well as an economic advisor to governments of Cuba, Israel, Mexico and India.

All quotes from Michał Kalecki Similar Quotes by other Originators

Originators like Michał Kalecki:

Joan Robinson John James Cowperthwaite Henry Hazlitt Benjamin Graham Ha-Joon Chang

Additional quotes by Michał Kalecki

It should be noticed that the whole approach is in contradiction to generally accepted views.

In a sense the budget deficit can be considered as an artificial export surplus.

[C]apitalist savings 'lead' profits. This result may appear paradoxical. 'Common sense' would suggest the opposite sequence—namely, that savings are determined by profits. This, how ever is not the case.

We have found that the degree of monopoly is likely to increase somewhat during depressions. - Michał Kalecki

About Michał Kalecki

Share this quote as an image

Additional quotes by Michał Kalecki