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 27
... Gold as money The exploration of gold specifically as money is necessary for three reasons : ( i ) the form on the one hand , has its own laws which are but tendencies in the commodity form and are also distinct from the laws of ...
... Gold as money The exploration of gold specifically as money is necessary for three reasons : ( i ) the form on the one hand , has its own laws which are but tendencies in the commodity form and are also distinct from the laws of ...
Page 28
... gold as a particular metal , and its social character as the money- commodity . While many scholars do point out that in all exchange societies the role of money eventually comes to settle upon the precious metals — and gold in ...
... gold as a particular metal , and its social character as the money- commodity . While many scholars do point out that in all exchange societies the role of money eventually comes to settle upon the precious metals — and gold in ...
Page 66
... gold , it is also the state which creates paper currency . Because their quantity in circulation is not determined ... money - dealer inserts himself between the demander of foreign currency ( the latter being also a supplier of local ...
... gold , it is also the state which creates paper currency . Because their quantity in circulation is not determined ... money - dealer inserts himself between the demander of foreign currency ( the latter being also a supplier of local ...
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