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 8
... relatively younger than their matrix , they are not geologically integrated with it and hence relatively easy to extract . Such gold is usually native gold , i.e. , in metallic condition , thus restricting necessary processing to ...
... relatively younger than their matrix , they are not geologically integrated with it and hence relatively easy to extract . Such gold is usually native gold , i.e. , in metallic condition , thus restricting necessary processing to ...
Page 133
... relatively very high yield production vs relatively very low yield production ; ( ii ) the individual miner as unit of production vs a company as unit of production ; ( iii ) labour - power being the largest factor of production vs ...
... relatively very high yield production vs relatively very low yield production ; ( ii ) the individual miner as unit of production vs a company as unit of production ; ( iii ) labour - power being the largest factor of production vs ...
Page 224
... relatively few needs to address , is not the same as being wealthy in a society with relatively many needs . Capital is never interested in paying more than the value for labour - power ( or for any other commodity , for that matter ) ...
... relatively few needs to address , is not the same as being wealthy in a society with relatively many needs . Capital is never interested in paying more than the value for labour - power ( or for any other commodity , for that matter ) ...
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