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 40
... springs from the exchange of commodities itself . It is necessary now to examine this utility in contradistinction to its ' natural ' utility as commodity . The two use - values of the money - commodity There are two dimensions to the ...
... springs from the exchange of commodities itself . It is necessary now to examine this utility in contradistinction to its ' natural ' utility as commodity . The two use - values of the money - commodity There are two dimensions to the ...
Page 44
... spring from the stomach or from fancy , makes no difference ' ( Marx , 1983 , p . 43 ) .27 Subsistence , which means ' existence in the widest sense of the term ' , embracing the satisfaction of all ' human wants ' , whether ' they spring ...
... spring from the stomach or from fancy , makes no difference ' ( Marx , 1983 , p . 43 ) .27 Subsistence , which means ' existence in the widest sense of the term ' , embracing the satisfaction of all ' human wants ' , whether ' they spring ...
Page 216
... springs that surplus . Capital is interested in surplus - value production , and early South African goldmining capital was certainly most interested in the value of labour - power . With this known , capital would know the capacity of ...
... springs that surplus . Capital is interested in surplus - value production , and early South African goldmining capital was certainly most interested in the value of labour - power . With this known , capital would know the capacity of ...
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