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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 Theory of Economic Dynamics (1965)

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More quotes by Michał Kalecki

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

Theory of Economic Dynamics (1965)

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

Theory of Economic Dynamics (1965)

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

Theory of Economic Dynamics (1965)

An increase in the number of paupers does not broaden the market.

Theory of Economic Dynamics (1965)

Armaments and wars, usually financed by budget deficits, are also a source of this kind of profits.

Theory of Economic Dynamics (1965)

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Quote text and notes from Wikiquote: Michał Kalecki (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.