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 41
... further qualification . In a discussion of the money commodity per se , however , the term becomes too broad since we now have to distinguish between particular use - value and universal use - value . We wish to propose a number of ...
... further qualification . In a discussion of the money commodity per se , however , the term becomes too broad since we now have to distinguish between particular use - value and universal use - value . We wish to propose a number of ...
Page 133
... further critical distinction to be made , and that is between the emergence of a finished product ( native gold ) after the mining process , and the need for further non- mining production processes to secure the finished product . The ...
... further critical distinction to be made , and that is between the emergence of a finished product ( native gold ) after the mining process , and the need for further non- mining production processes to secure the finished product . The ...
Page 134
... further , ' cyanide and smelting period ' starting in 1890. This further identification , though important in the development of extraction technique , is not important in political economy , as it continues the same development as that ...
... further , ' cyanide and smelting period ' starting in 1890. This further identification , though important in the development of extraction technique , is not important in political economy , as it continues the same development as that ...
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