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 150
... Innes ' book Anglo American and the Rise of Modern South Africa , which offers an exposition of the monopoly capitalism thesis , also , devotes some attention to the ' conditions of competition ' ( Innes , D. , 1984. See esp . pp . 45 ...
... Innes ' book Anglo American and the Rise of Modern South Africa , which offers an exposition of the monopoly capitalism thesis , also , devotes some attention to the ' conditions of competition ' ( Innes , D. , 1984. See esp . pp . 45 ...
Page 151
... Innes himself acknowledges this . When describing an 80 % increase in diamond sales between 1883 and 1887 , Innes asks , ' how much longer could the market absorb the increase ? ' ( ibid . , p . 34 ) . Later , when he describes the ...
... Innes himself acknowledges this . When describing an 80 % increase in diamond sales between 1883 and 1887 , Innes asks , ' how much longer could the market absorb the increase ? ' ( ibid . , p . 34 ) . Later , when he describes the ...
Page 161
... Innes describes the events : When the Chamber was formed in 1889 all the leading mining- finance houses , with the ... ( Innes , op . cit . , p . 72n9 ) .7 Although this information is provided by Innes , he skims lightly over it , failing ...
... Innes describes the events : When the Chamber was formed in 1889 all the leading mining- finance houses , with the ... ( Innes , op . cit . , p . 72n9 ) .7 Although this information is provided by Innes , he skims lightly over it , failing ...
Contents
Towards a theory of gold 1 Gold as money | 1 |
The moneycommodity and the value of labourpower | 49 |
Gold as capital | 77 |
Copyright | |
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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