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 119
... shafts and tunnels ( these last two were often crooked ) . The dial compass and the dip needle were the first scientific instruments introduced . Their use was perfected in the 1890s . Drills were also used in exploration . Accurate ...
... shafts and tunnels ( these last two were often crooked ) . The dial compass and the dip needle were the first scientific instruments introduced . Their use was perfected in the 1890s . Drills were also used in exploration . Accurate ...
Page 120
... shaft . This resulted in a one hundred percent increase in productivity . Shafts became more efficient in that the area they served could be anything from doubled to quadrupled , meaning an even greater distance between shafts . Repair ...
... shaft . This resulted in a one hundred percent increase in productivity . Shafts became more efficient in that the area they served could be anything from doubled to quadrupled , meaning an even greater distance between shafts . Repair ...
Page 140
... shafts . So rapid was the development in shaft design and construction , that by the mid - twentieth century , shafts were being sunk 3 km apart , giving each shaft an operating radius of 1,500 m . By the late nineteenth century ...
... shafts . So rapid was the development in shaft design and construction , that by the mid - twentieth century , shafts were being sunk 3 km apart , giving each shaft an operating radius of 1,500 m . By the late nineteenth century ...
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