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 55
... necessary labour - time for the reproduction of gold - producing labour - power than had been the case before . In quantity , therefore , the gold will not attain to that formerly necessary to reproduce the labour - power . In value ...
... necessary labour - time for the reproduction of gold - producing labour - power than had been the case before . In quantity , therefore , the gold will not attain to that formerly necessary to reproduce the labour - power . In value ...
Page 84
... necessary where the gold has a higher value than the social average necessary for its production . Access to individual accumulation of money is here restricted by necessary labour - time becoming so high as to all but eliminate the ...
... necessary where the gold has a higher value than the social average necessary for its production . Access to individual accumulation of money is here restricted by necessary labour - time becoming so high as to all but eliminate the ...
Page 225
... necessary labour - time . The only way in which capital can know the quantity of that necessary labour - time is by bringing its exercise into the circulation process of capital . How was this to be done ? To borrow Hobson's words ...
... necessary labour - time . The only way in which capital can know the quantity of that necessary labour - time is by bringing its exercise into the circulation process of capital . How was this to be done ? To borrow Hobson's words ...
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