Dear Andrew,
Your points are sound. But what if we compare two sorts of capitalists
who produce the same kinds of commodity in competition. One produces it
currently with cheaper inputs, the other has just now finished the produc-
tion and is going to put it on the market. The latter is in competition
with the former, so he cannot hope to recover fully the input values which
were more expensive than those his rivalry bought, whith the general rate
of profit prevailed. He would have to discount his production price in
proportion to his competitior (in line with the cheaper input values).
How would you think this? It relates to the depreciation occured in the
middle of production. Yet I still reserve the judgement whether your
point is right or wrong.
With regards
Chai-on