Assuming perfect labour theory of value, profit = size of working population producing surplus/ value of capital stock.
Given a constant size of the former and a positive accumulation rate, the value of capital stock goes up and the profit rate will eventually approach 0.
This is independent of whatever happens with the gdp, which is proportional to the size of the whole working population.
Assuming perfect labour theory of value, profit = size of working population producing surplus/ value of capital stock.
Given a constant size of the former and a positive accumulation rate, the value of capital stock goes up and the profit rate will eventually approach 0.
This is independent of whatever happens with the gdp, which is proportional to the size of the whole working population.