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 57
... productive by the application of new technology , but in the meantime , in both cases the mines were being worked by workers whose labour - power was of much lower value , viz . , Chinese and Indians . Lock eventually does make this ...
... productive by the application of new technology , but in the meantime , in both cases the mines were being worked by workers whose labour - power was of much lower value , viz . , Chinese and Indians . Lock eventually does make this ...
Page 86
... labour - power in gold production low . But this low value of labour - power cannot be achieved on the basis of high productivity of labour , as in mechanised industry in general , for mining retains primitive labour processes for much ...
... labour - power in gold production low . But this low value of labour - power cannot be achieved on the basis of high productivity of labour , as in mechanised industry in general , for mining retains primitive labour processes for much ...
Page 203
... productivity . The backwardness of the South African economy did not allow for a high - productivity labour force . For mining capital to have turned the indigenous population into a workforce of general industrial productivity would ...
... productivity . The backwardness of the South African economy did not allow for a high - productivity labour force . For mining capital to have turned the indigenous population into a workforce of general industrial productivity would ...
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