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 1
... object The revolution which had taken place in the value of gold , the measure of value , in the second half of the nineteenth century , coincided with the need of international trade to hold fast the value - ratio at which the world's ...
... object The revolution which had taken place in the value of gold , the measure of value , in the second half of the nineteenth century , coincided with the need of international trade to hold fast the value - ratio at which the world's ...
Page 77
... object resulting from the objectification of particular concrete labour . As such it addresses a particular need of a particular individual . The object of its production , ultimately , is its private consumption . Its second use- value ...
... object resulting from the objectification of particular concrete labour . As such it addresses a particular need of a particular individual . The object of its production , ultimately , is its private consumption . Its second use- value ...
Page 80
... object for particular consumption and an object for universal consumption . On the one hand , it is an object of consumption for the living individual ( living labour ) , on the other , it is an object of consumption for capital , i.e. ...
... object for particular consumption and an object for universal consumption . On the one hand , it is an object of consumption for the living individual ( living labour ) , on the other , it is an object of consumption for capital , i.e. ...
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