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 13
... hundred slaves required to haul one granite block themselves took up an area much larger than the block which they hauled . By the eve of the introduction of steam ships , sailing ships , by then at their largest and carrying greater ...
... hundred slaves required to haul one granite block themselves took up an area much larger than the block which they hauled . By the eve of the introduction of steam ships , sailing ships , by then at their largest and carrying greater ...
Page 120
... hundred percent increase in productivity . Shafts became more efficient in that the area they served could be anything from doubled to quadrupled , meaning an even greater distance between shafts . Repair work was much reduced in ...
... hundred percent increase in productivity . Shafts became more efficient in that the area they served could be anything from doubled to quadrupled , meaning an even greater distance between shafts . Repair work was much reduced in ...
Page 128
... hundred years was merely being pushed to its logical conclusion.24 This adjustment could not be immediate for all capitals . Plantation owners , e.g. , howled about the certain collapse of the British Empire ( or , at least , its sugar ...
... hundred years was merely being pushed to its logical conclusion.24 This adjustment could not be immediate for all capitals . Plantation owners , e.g. , howled about the certain collapse of the British Empire ( or , at least , its sugar ...
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