“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.”

—  Michał Kalecki

Source: Theory of Economic Dynamics (1965), Chapter 5, Determination of National Income and Consumption, p. 63

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Michał Kalecki 16
Polish economist 1899–1970

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