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 89
... surplus - value it can redistribute in its favour in the complementary metamorphosis C'- M ' / M - C . This competition between productive capitals then assumes the form of each testing the other's capacity to meet the demand of the ...
... surplus - value it can redistribute in its favour in the complementary metamorphosis C'- M ' / M - C . This competition between productive capitals then assumes the form of each testing the other's capacity to meet the demand of the ...
Page 94
... surplus - value and , in general , cannot produce that form of surplus- value which results from the growing productivity of labour as such ' ( quoted in op . cit . , p6 . The emphasis is Marx's and is from 1972 , p . 350 ) . He ...
... surplus - value and , in general , cannot produce that form of surplus- value which results from the growing productivity of labour as such ' ( quoted in op . cit . , p6 . The emphasis is Marx's and is from 1972 , p . 350 ) . He ...
Page 216
... surplus - value than with its production . If we are concerned with surplus - value production , then we must be concerned with the value of the labour - power from which springs that surplus . Capital is interested in surplus - value ...
... surplus - value than with its production . If we are concerned with surplus - value production , then we must be concerned with the value of the labour - power from which springs that surplus . Capital is interested in surplus - value ...
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