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. |
From inside the book
Results 1-3 of 58
Page 149
A Marxist Theory of Gold : with Particular Reference to South Africa Farouk Stemmet. 6 Competition in early Witwatersrand goldmining - The extent of co - operation and / or collusion in the South African goldmining industry invariably ...
A Marxist Theory of Gold : with Particular Reference to South Africa Farouk Stemmet. 6 Competition in early Witwatersrand goldmining - The extent of co - operation and / or collusion in the South African goldmining industry invariably ...
Page 154
... Gold , unlike that of Duncan Innes , finds the basis for its thesis in the ... industry . The differentiating factor must , therefore , be that which is ... mining companies were unable to transfer increases in production costs to ...
... Gold , unlike that of Duncan Innes , finds the basis for its thesis in the ... industry . The differentiating factor must , therefore , be that which is ... mining companies were unable to transfer increases in production costs to ...
Page 178
... goldmining , so that the sound reasons for a delay in payment tended to be irrelevant.15 Pressure was therefore on the individual mining companies to pay quickly and pay well as share capital was less likely to redistribute itself ...
... goldmining , so that the sound reasons for a delay in payment tended to be irrelevant.15 Pressure was therefore on the individual mining companies to pay quickly and pay well as share capital was less likely to redistribute itself ...
Contents
Towards a theory of gold 1 Gold as money | 1 |
The moneycommodity and the value of labourpower | 49 |
Gold as capital | 77 |
Copyright | |
15 other sections not shown
Other editions - View all
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