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 7
... basis . All the authorities whom Marx could consult , fell within this category.5 Marx's treatment of the gold question is inadequate for the purpose of constructing a political economy of this material . But this is not only on account ...
... basis . All the authorities whom Marx could consult , fell within this category.5 Marx's treatment of the gold question is inadequate for the purpose of constructing a political economy of this material . But this is not only on account ...
Page 85
... basis of wage - labour , or abandon gold production altogether . Where capital is generalised as the social basis of all production , there wage - labour is generalised as the social form of all labour . The form of economy based on ...
... basis of wage - labour , or abandon gold production altogether . Where capital is generalised as the social basis of all production , there wage - labour is generalised as the social form of all labour . The form of economy based on ...
Page 86
... basis of increasing productivity of labour , therefore , does not apply to gold - producing capital . To further explore the circuit of gold production on the basis of capital , it is necessary to introduce the category of competition ...
... basis of increasing productivity of labour , therefore , does not apply to gold - producing capital . To further explore the circuit of gold production on the basis of capital , it is necessary to introduce the category of competition ...
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