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 vii
... discovered its weakness for myself . He has always been respectful of my views . I hope that I have reciprocated . Paul Trewhela , the first person with whom my thoughts found resonance , played a central role in the formulation of my ...
... discovered its weakness for myself . He has always been respectful of my views . I hope that I have reciprocated . Paul Trewhela , the first person with whom my thoughts found resonance , played a central role in the formulation of my ...
Page 106
... discovered in 1898 , reached peak output between 1900 and 1906 , then dropped off very dramatically . The extraordinarily rich Klondike , delivering more than half an ounce of gold to the pan , was opened in 1896 , peaked in 1900 with ...
... discovered in 1898 , reached peak output between 1900 and 1906 , then dropped off very dramatically . The extraordinarily rich Klondike , delivering more than half an ounce of gold to the pan , was opened in 1896 , peaked in 1900 with ...
Page 135
... discovered in North America , ... but these and the Mexican silver mines were really opened up by the laying of railways , which made possible the shipment of modern machinery and fuel and in consequence the mining of silver on a very ...
... discovered in North America , ... but these and the Mexican silver mines were really opened up by the laying of railways , which made possible the shipment of modern machinery and fuel and in consequence the mining of silver on a very ...
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