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 54
... remains the same . Its value remains the same despite an alteration in its price . If there is a fall or rise in the value of gold ... , in which the exchange value of commodities is measured as price , then prices rise or fall because ...
... remains the same . Its value remains the same despite an alteration in its price . If there is a fall or rise in the value of gold ... , in which the exchange value of commodities is measured as price , then prices rise or fall because ...
Page 248
... remains unclear . His recently published notebook Bullion : das vollendete Geldsystem , is itself in a very unvollendete state ( MEGA , Vol . 8 , IV / 8 , pp . 767-73 ) . The manuscript Geldwesen , Kreditwesen , Krisen remains ...
... remains unclear . His recently published notebook Bullion : das vollendete Geldsystem , is itself in a very unvollendete state ( MEGA , Vol . 8 , IV / 8 , pp . 767-73 ) . The manuscript Geldwesen , Kreditwesen , Krisen remains ...
Page 254
... remains gold ; so does labour , whatever social form it may take , remain labour . Gold , in whatever concrete form it is fashioned , remains gold ; labour , in whatever concrete form exercised , remains labour . Gold is the compass by ...
... remains gold ; so does labour , whatever social form it may take , remain labour . Gold , in whatever concrete form it is fashioned , remains gold ; labour , in whatever concrete form exercised , remains labour . Gold is the compass by ...
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