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 85
... average profitability of the economy as a whole , while for labour it is to approximate the average value of labour- power . That the interface between , on the one hand , extractive industry in general and mining in particular , and on ...
... average profitability of the economy as a whole , while for labour it is to approximate the average value of labour- power . That the interface between , on the one hand , extractive industry in general and mining in particular , and on ...
Page 105
... average annual output from the decade 1861-1870 to the decade 1871-1880 was greater than the average annual production for the whole period 1781-1830 . ( See Table 1 , below ) . Table 1 Total world precious metals production , 1741-1910 ...
... average annual output from the decade 1861-1870 to the decade 1871-1880 was greater than the average annual production for the whole period 1781-1830 . ( See Table 1 , below ) . Table 1 Total world precious metals production , 1741-1910 ...
Page 122
... average industrial worker . Up until the last third of the nineteenth century , ' knowledge of mining and skill in its performance were handed down from father to son by the apprentice system , and the son learned to do things in the ...
... average industrial worker . Up until the last third of the nineteenth century , ' knowledge of mining and skill in its performance were handed down from father to son by the apprentice system , and the son learned to do things in the ...
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