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 178
... body is payable , and if so , the extent of that payability . The higher the payability , the smaller can be the mass of the ore body which will yield the minimum quantity of gold which will pay for its own extraction . This can make ...
... body is payable , and if so , the extent of that payability . The higher the payability , the smaller can be the mass of the ore body which will yield the minimum quantity of gold which will pay for its own extraction . This can make ...
Page 180
... bodies or sections of ore bodies are worth exploiting and which are not . The fundamental consideration , of course ... body could be out of reach forever . It is therefore critical to the mines to know of new techniques and innovations ...
... bodies or sections of ore bodies are worth exploiting and which are not . The fundamental consideration , of course ... body could be out of reach forever . It is therefore critical to the mines to know of new techniques and innovations ...
Page 192
... body of available social labour , is , in commodity economy , thus allocated in the units in which abstract labour is allocated , viz . , in units of money , unit weights of gold . When Williams , then , says that , ' gold - digging , a ...
... body of available social labour , is , in commodity economy , thus allocated in the units in which abstract labour is allocated , viz . , in units of money , unit weights of gold . When Williams , then , says that , ' gold - digging , a ...
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