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
... portion of the labour - time which constitutes the socially necessary labour - time for the reproduction of gold ... portion of labour- time in which the value of labour - power is reproduced is thus increased and surplus labour - time ...
... portion of the labour - time which constitutes the socially necessary labour - time for the reproduction of gold ... portion of labour- time in which the value of labour - power is reproduced is thus increased and surplus labour - time ...
Page 58
... portion of the total labour - time will be given up to necessary labour , resulting in a diminished portion remaining as surplus labour . Once the entire former surplus portion has become part of the necessary portion , production will ...
... portion of the total labour - time will be given up to necessary labour , resulting in a diminished portion remaining as surplus labour . Once the entire former surplus portion has become part of the necessary portion , production will ...
Page 91
... portion the firm must decide how it divides between what it keeps and what it puts back into social capital . Then , of course , there is the portion actually extant as social capital . Assuming a smooth circulation process , portions ...
... portion the firm must decide how it divides between what it keeps and what it puts back into social capital . Then , of course , there is the portion actually extant as social capital . Assuming a smooth circulation process , portions ...
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