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 50
... labour - time and surplus labour - time.1 At bottom , this remains a curtailment of consumption that consumption which takes place within the exercise of labour- power . The cost of labour - power , whether a value or a product , is a ...
... labour - time and surplus labour - time.1 At bottom , this remains a curtailment of consumption that consumption which takes place within the exercise of labour- power . The cost of labour - power , whether a value or a product , is a ...
Page 58
... labour - power on the one side and the productivity of labour on the other , there were distinct limits to the ... surplus labour . Once the entire former surplus portion has become part of the necessary portion , production will be ...
... labour - power on the one side and the productivity of labour on the other , there were distinct limits to the ... surplus labour . Once the entire former surplus portion has become part of the necessary portion , production will be ...
Page 216
... surplus - value production , then we must be concerned with the value of the labour - power from which springs that surplus . Capital is interested in surplus - value production , and early South African goldmining capital was certainly ...
... surplus - value production , then we must be concerned with the value of the labour - power from which springs that surplus . Capital is interested in surplus - value production , and early South African goldmining capital was certainly ...
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