Since the time when Adam Smith lived, economy theory has not come to an agreement on the sources of cyclical fluctuations in economy. The reasons for cyclical fluctuations are accounted for on the basis of whether economy comes to the equilibrium without the intervention. According to the approach lead by the mainstream economic thought, external shocks, such as technology and supply shocks, are in effect on creating the periods of economic expansion and contraction. In the economic thought held by Keynesians, there are internal reasons for the flactuations seen in economy, like such as total demand, investment, profit, distribution etc. By using the panel data methods for the period between 1995 and 2016 in OECD economies, In this study, in the OECD economies, the cyclical direction of profit rates is being investigated. Findings show that profit rates are procyclical in OECD area.