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 87
... fixed price item while at the other end price fluctuates freely , the tendency will be to attempt to fix the fluctuating end , rather than free the fixed end . The elimination of uncertainty answers the inner tendency of capital for ...
... fixed price item while at the other end price fluctuates freely , the tendency will be to attempt to fix the fluctuating end , rather than free the fixed end . The elimination of uncertainty answers the inner tendency of capital for ...
Page 88
... fixed - value product . Competition and the circuits of capital Although modern goldmining capital is joint - stock capital , the processes we wish to examine may be more clearly illustrated by first looking at private capital ...
... fixed - value product . Competition and the circuits of capital Although modern goldmining capital is joint - stock capital , the processes we wish to examine may be more clearly illustrated by first looking at private capital ...
Page 154
... fixed price and the unlimited market - The oft - cited work of Frederick Johnstone , Race , Class and Gold , unlike that of Duncan Innes , finds the basis for its thesis in the economics of gold itself — to whit , in its fixed price ...
... fixed price and the unlimited market - The oft - cited work of Frederick Johnstone , Race , Class and Gold , unlike that of Duncan Innes , finds the basis for its thesis in the economics of gold itself — to whit , in its fixed price ...
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