In his reply to Jerry, John says:
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> With all this, I hope we do not lose sight of what we dealing
> with here. That is, the issue is the "revaluation of inputs."
> The basic idea is that capitalists attempt to recover the value
> invested and not the value that it takes to reproduce the means
> of production at any given point in time.
>
The phrase "attempt to recover the value invested" seems to me to need
explanation. The competitive capitalist (the usual assumption in general
equilibrium type models, and also apparently in a lot of Marx) cannot do
anything to recover more value, since he has to sell at a market
determined price. If the issue has to do with the behavior of a
monopolist, being explicit about that will avoid a lot of misunderstanding.
Duncan
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