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. |
From inside the book
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Page 189
Since gold serves for the expression of the values of all commodities , proceeds Williams , ' gold , as it comes out of the South African mines , " is forthwith the direct incarnation of all human labour " ( Williams , M. , 1975 , p .
Since gold serves for the expression of the values of all commodities , proceeds Williams , ' gold , as it comes out of the South African mines , " is forthwith the direct incarnation of all human labour " ( Williams , M. , 1975 , p .
Page 191
It is true that this social form of production , which , like all production , must apportion its total social labour - time , its human labour in the abstract , to its various necessary production tasks . In a form of economy where all ...
It is true that this social form of production , which , like all production , must apportion its total social labour - time , its human labour in the abstract , to its various necessary production tasks . In a form of economy where all ...
Page 192
For such bearer , such circulating medium , to have any bearing capacity , it must , like the commodities between which it mediates , be a product of human labour and reducible to its unit , x labour - time . But it is concrete labour ...
For such bearer , such circulating medium , to have any bearing capacity , it must , like the commodities between which it mediates , be a product of human labour and reducible to its unit , x labour - time . But it is concrete labour ...
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Contents
Gold as money | 27 |
The moneycommodity and the value of labourpower | 49 |
Gold as capital | 77 |
Copyright | |
7 other sections not shown
Common terms and phrases
abstract labour actual allowed already amount appears assume average basis becomes body capital capitalist Chamber character circuit circulation commodity companies competition concrete labour consumption cost currency demand described discussion distinction early economy effect examined exchange value existence expression extraction fact fixed force further given gold production goldmining Group hand hence human ibid important increase individual industry Innes labour-time less living lode Marx material means measure metals mining monopoly native nature necessary nineteenth century object occurs offered operations particular period placer portion position present problem quantity question reduced relation relatively remains represented role serves shares silver simply social society South African specific standard surplus-value unit universal use-value value of gold value of labour-power wage-labour wages wealth Witwatersrand workers workforce
Bibliographic information
| Title | The Golden Contradiction: A Marxist Theory of Gold : with Particular Reference to South Africa Avebury Series in Philosophy Making of modern Africa |
| Author | Farouk Stemmet |
| Edition | illustrated |
| Publisher | Avebury, 1996 |
| ISBN | 1859723535, 9781859723531 |
| Length | 276 pages |
| Export Citation | BiBTeX EndNote RefMan |