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 8
... hence relatively easy to extract . Such gold is usually native gold , i.e. , in metallic condition , thus restricting necessary processing to physical extraction . Not all placer deposits occur on the surface . Deposits created during ...
... hence relatively easy to extract . Such gold is usually native gold , i.e. , in metallic condition , thus restricting necessary processing to physical extraction . Not all placer deposits occur on the surface . Deposits created during ...
Page 37
... Hence intensified production of that commodity which is set aside to play the role of money - strictly speaking , this is , in fact , intensified appropriation in that it applies as much to plunder , free labour , etc. , as to forms of ...
... Hence intensified production of that commodity which is set aside to play the role of money - strictly speaking , this is , in fact , intensified appropriation in that it applies as much to plunder , free labour , etc. , as to forms of ...
Page 173
... hence , somehow , had to be reduced . The conditions of Witwatersrand mining allowed very few options for achieving this and the only real opening for cost - reduction lay in the cost of labour . Hence the need for an extra - cheap ...
... hence , somehow , had to be reduced . The conditions of Witwatersrand mining allowed very few options for achieving this and the only real opening for cost - reduction lay in the cost of labour . Hence the need for an extra - cheap ...
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