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 201
... paid twice as much as group B , with group A getting poorer while group B grows very wealthy , if A is paid below its value and B above ; ( ii ) for group A to have the same value of labour - power as group B , yet require twice as much ...
... paid twice as much as group B , with group A getting poorer while group B grows very wealthy , if A is paid below its value and B above ; ( ii ) for group A to have the same value of labour - power as group B , yet require twice as much ...
Page 243
... paid below value ' , to borrow Ticktin's phrase . Trewhela falls foul of his own prescription : ' Least of all ... paid employment outside . In some places villagers engage in wage - earning seasonally .... The African villager , the ...
... paid below value ' , to borrow Ticktin's phrase . Trewhela falls foul of his own prescription : ' Least of all ... paid employment outside . In some places villagers engage in wage - earning seasonally .... The African villager , the ...
Page 249
... paid so grotesque a price . It is the price paid by humanity for its own social development . Goldmining only becomes working to death once gold becomes money . That particular transformation of its social character is only a signature ...
... paid so grotesque a price . It is the price paid by humanity for its own social development . Goldmining only becomes working to death once gold becomes money . That particular transformation of its social character is only a signature ...
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