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 36
... commodity to commodity , more or less by trail and error , each commodity in turn taking up the role of money . " The particular use- value which , as a result of barter between different communities , become commodities , e.g. , slaves ...
... commodity to commodity , more or less by trail and error , each commodity in turn taking up the role of money . " The particular use- value which , as a result of barter between different communities , become commodities , e.g. , slaves ...
Page 40
... commodities at the time , hence the higher prices.21 The commodity which serves for the universal expression of prices does for other commodities what they cannot do for themselves . It expresses a particular commodity's value alongside ...
... commodities at the time , hence the higher prices.21 The commodity which serves for the universal expression of prices does for other commodities what they cannot do for themselves . It expresses a particular commodity's value alongside ...
Page 41
... commodity is realised in gold , the commodity is exchanged for gold as a commodity , as a particular materialisation of labour - time ; but in so far as it is the price of the commodity that is realised in gold , the commodity is ...
... commodity is realised in gold , the commodity is exchanged for gold as a commodity , as a particular materialisation of labour - time ; but in so far as it is the price of the commodity that is realised in gold , the commodity is ...
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