The Golden Contradiction: A Marxist Theory of Gold : with Particular Reference to South Africa
This 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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Gold as money
The moneycommodity and the value of labourpower
Gold as capital
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abstract labour actual allowed already amount appears assume average basis becomes body capital capitalist Chamber character circuit circulation commodity companies competition concrete labour consumption cost currency demand described discussion distinction early economy effect examined exchange value existence expression extraction fact fixed force further given gold production goldmining Group hand hence human ibid important increase individual industry Innes labour-time less living lode Marx material means measure metals mining monopoly native nature necessary nineteenth century object occurs offered operations particular period placer portion position possible present problem quantity question reduced relation relatively remains represented role serves shares silver simply social society South African specific standard surplus-value unit universal use-value value of gold value of labour-power wage-labour wages wealth Witwatersrand workers workforce