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 189
... labour serves as an explanatory device . These are an article by Michael Williams , South African Capitalism Neo ... human labour in the abstract ' . Since gold serves for the expression of the values of all commodities , proceeds ...
... labour serves as an explanatory device . These are an article by Michael Williams , South African Capitalism Neo ... human labour in the abstract ' . Since gold serves for the expression of the values of all commodities , proceeds ...
Page 191
... labour is to objectify itself in a form which encapsulates that abstractness . From the side of labour , wage ... human labour in the abstract . Williams makes the observation that , ' the reason why gold has come to serve as the money ...
... labour is to objectify itself in a form which encapsulates that abstractness . From the side of labour , wage ... human labour in the abstract . Williams makes the observation that , ' the reason why gold has come to serve as the money ...
Page 192
... human labour and reducible to its unit , x labour - time . But it is concrete labour which is so reducible and as such , it shares the two - fold character of all commodity - producing labour : that of being at the same time concrete ...
... human labour and reducible to its unit , x labour - time . But it is concrete labour which is so reducible and as such , it shares the two - fold character of all commodity - producing labour : that of being at the same time concrete ...
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