The Golden Contradiction: A Marxist Theory of Gold : with Particular Reference to South AfricaThis is a work of political economy which explains how the traditional constancy of gold came to give way to a daily-fluctuating gold price. The fixed gold price is radically re-examined while the reverence of the gold standard system is challenged. The book looks at the gold producing labour, including the Wild West gold digger and the origins of apartheid in South Africa. |
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Page 133
... amalgamation necessarily never repaid the labour - power that went into the total production process . At some placer sites approaching exhaustion , amalgamation was even applied to the ore because the remaining particles were so minute ...
... amalgamation necessarily never repaid the labour - power that went into the total production process . At some placer sites approaching exhaustion , amalgamation was even applied to the ore because the remaining particles were so minute ...
Page 134
... amalgamation period , in gold - production.31 Finley identifies a further , ' cyanide and smelting period ' starting in 1890. This further identification , though important in the development of extraction technique , is not important ...
... amalgamation period , in gold - production.31 Finley identifies a further , ' cyanide and smelting period ' starting in 1890. This further identification , though important in the development of extraction technique , is not important ...
Page 170
... amalgamation of whole groups into larger groups , allowing one Finance / Mining House out of each of the new agglomerations to emerge as the ' parent ' company . ' The group system itself has undergone a steady process of integration ...
... amalgamation of whole groups into larger groups , allowing one Finance / Mining House out of each of the new agglomerations to emerge as the ' parent ' company . ' The group system itself has undergone a steady process of integration ...
Contents
Towards a theory of gold 1 Gold as money | 1 |
The moneycommodity and the value of labourpower | 49 |
Gold as capital | 77 |
Copyright | |
15 other sections not shown
Common terms and phrases
abstract labour amalgamation amount average becomes black workers capitalist Chamber of Mines character circuit of capital commodity competition concrete labour consumption contradiction cost diamond Duncan Innes emph exchange value expression factors of production financial markets fixed price gold as money gold mines gold production goldmining capital goldmining industry hence human labour ibid increase individual Innes Johannesburg Johnstone joint stock capital labour force lode London Marx Marx's means of production measure of value metals miners money-commodity monopoly native nature necessary labour-time nineteenth century Onselen paper currency particular use-value placer mining political economy productivity of labour proletarianisation quantity of gold Rand reduced relation remains role shafts silver slavery social capital social form South African goldmining standard of price superexploitation surplus surplus labour surplus-value thesis Ticktin Trewhela unit value of gold value of labour-power values of commodities wages wealth Williams Witwatersrand workforce