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 41
... particular materialisation of labour - time ; but in so far as it is the price of the commodity that is realised in ... use - value ( tooth filling , jewellery , etc. ) , gold is now allocated a consumption by its social role as abstract ...
... particular materialisation of labour - time ; but in so far as it is the price of the commodity that is realised in ... use - value ( tooth filling , jewellery , etc. ) , gold is now allocated a consumption by its social role as abstract ...
Page 42
... use - value ' ( shoes , road , jazz , tooth filling , etc. ) we propose ' use - value I ' or ' private use - value ... particular use - value ' and ' universal use - value ' respectively.23 Since the money form of value is a higher form ...
... use - value ' ( shoes , road , jazz , tooth filling , etc. ) we propose ' use - value I ' or ' private use - value ... particular use - value ' and ' universal use - value ' respectively.23 Since the money form of value is a higher form ...
Page 77
A Marxist Theory of Gold : with Particular Reference to South Africa Farouk Stemmet. 3 Gold as capital Gold has been examined as use - value and as money . We must now examine gold in its specific nature as capital . By the late ...
A Marxist Theory of Gold : with Particular Reference to South Africa Farouk Stemmet. 3 Gold as capital Gold has been examined as use - value and as money . We must now examine gold in its specific nature as capital . By the late ...
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