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 34
... given amount ) it is a given quantity of use - values . It is capable of exhaustion and thus presents itself as a given quantity of social labour - time . The contradiction between free time and labour - time here takes the physical ...
... given amount ) it is a given quantity of use - values . It is capable of exhaustion and thus presents itself as a given quantity of social labour - time . The contradiction between free time and labour - time here takes the physical ...
Page 83
... given enhancement of M ' over M , or a given composite magnitude of AM . The gold producer , like any capitalist , achieves this by continually reducing the value of C. But , as has been explained above , there are both theoretical and ...
... given enhancement of M ' over M , or a given composite magnitude of AM . The gold producer , like any capitalist , achieves this by continually reducing the value of C. But , as has been explained above , there are both theoretical and ...
Page 92
... given as : M- C ... P ... M Formally ( as well as formerly ) , the price of gold merely allocated a money - name to a given quantity of gold and facilitated the differentiation of national levels of labour productivity and hence the ...
... given as : M- C ... P ... M Formally ( as well as formerly ) , the price of gold merely allocated a money - name to a given quantity of gold and facilitated the differentiation of national levels of labour productivity and hence the ...
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