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 72
... assume . It makes no difference whether that gold is produced by slaves , free diggers , wage - labourers or a co ... assumes a peculiar form in capitalist gold production , which is discussed under competition in goldmining , below ...
... assume . It makes no difference whether that gold is produced by slaves , free diggers , wage - labourers or a co ... assumes a peculiar form in capitalist gold production , which is discussed under competition in goldmining , below ...
Page 79
... assumes a more illustrious role.3 While in the circuit C - M - C , M was retained for the purposes of acquiring the ... assumed that C goes into particular consumption , AC ( added commodity ) having become AM ( added money ) to be ...
... assumes a more illustrious role.3 While in the circuit C - M - C , M was retained for the purposes of acquiring the ... assumed that C goes into particular consumption , AC ( added commodity ) having become AM ( added money ) to be ...
Page 247
... assumes gold as capital . But gold is not empirically examined as capital , only as money . The character of gold - producing labour is assumed to remain unchanged when , in fact , it requires re- examination . The theory is in need of ...
... assumes gold as capital . But gold is not empirically examined as capital , only as money . The character of gold - producing labour is assumed to remain unchanged when , in fact , it requires re- examination . The theory is in need 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