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 89
... demand of the complement . Thus are they constrained to demand less than they otherwise might have . This double competition occurs at both ends of the circuit : at the opening M - C , and at the closing C ' - M. The circuit of capital ...
... demand of the complement . Thus are they constrained to demand less than they otherwise might have . This double competition occurs at both ends of the circuit : at the opening M - C , and at the closing C ' - M. The circuit of capital ...
Page 223
... demand . Workers can be in great demand and still be unable to withdraw their labour , simply because they would starve . This was not the case here . They were fully able to reproduce their labour - power with or without mine labour ...
... demand . Workers can be in great demand and still be unable to withdraw their labour , simply because they would starve . This was not the case here . They were fully able to reproduce their labour - power with or without mine labour ...
Page 234
... demand has been replaced by effective demand . The mines could not afford the quantities of black labour it required because that labour was free to move , free to seek the highest bidder . But if the mines could not afford black ...
... demand has been replaced by effective demand . The mines could not afford the quantities of black labour it required because that labour was free to move , free to seek the highest bidder . But if the mines could not afford black ...
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