I study the effect of technical change on the equilibrium profit rate in Classical-Marxian models of economic growth … profit rate given their expectations about the movement of the real wage rate. The accumulation rate depends on a threshold … rate of profit, below which capitalists do not invest. I consider three alternative closures: (a) a constant real wage rate …

This paper studies the empirical relationship between the Federal funds effective rate and the rate of profit or profit … the fed funds interest rate generate negative responses of the rate of profit, thus corroborating previous findings that … show that a tight monetary policy is associated with lower aggregate profitability levels …