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 126
... reduction and extraction . Reduction involves everything from the first assault on the ore body , be it with hammers ... reduced to this state by a definite number of workers in a stipulated time ; or how small a number of workers can ...
... reduction and extraction . Reduction involves everything from the first assault on the ore body , be it with hammers ... reduced to this state by a definite number of workers in a stipulated time ; or how small a number of workers can ...
Page 127
... reduced responds proportionately ( positively ) to the general movement of the productivity of labour in the economy as a whole , since it does not produce gold , but reduces ore . But , the overall volume of ore processed in a given ...
... reduced responds proportionately ( positively ) to the general movement of the productivity of labour in the economy as a whole , since it does not produce gold , but reduces ore . But , the overall volume of ore processed in a given ...
Page 174
... reduced in order that white wages , too , could be reduced . This important problematic is obscured in the literature by the excessive concentration on wage struggles and strikes in the industry at the expense of examining the question ...
... reduced in order that white wages , too , could be reduced . This important problematic is obscured in the literature by the excessive concentration on wage struggles and strikes in the industry at the expense of examining the question ...
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