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Technical change and the rate of profit in Classical-Marxian models of economic growth

Basu, Deepankar - 2024

I study the effect of technical change on the equilibrium profit rate in Classical-Marxian models of economic growth with alternative closures. In each model, capitalists adopt a new technique of production only if it will increase the profit rate given their expectations about the movement of...

Persistent link: https://www.econbiz.de/10015070933