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 33
... turned into a merely limited representation of material wealth . ... The degree in which the realisation of exchange value approaches such an infinite series , in other words how far it corresponds to the concept of exchange value ...
... turned into a merely limited representation of material wealth . ... The degree in which the realisation of exchange value approaches such an infinite series , in other words how far it corresponds to the concept of exchange value ...
Page 46
... turned this into coins it would be reduced to about $ 26 , thus reducing the average product to about half an American gold dollar per week per man , less than the solitary gleaner still wins in freedom from the neglected corners of the ...
... turned this into coins it would be reduced to about $ 26 , thus reducing the average product to about half an American gold dollar per week per man , less than the solitary gleaner still wins in freedom from the neglected corners of the ...
Page 203
... turned the indigenous population into a workforce of general industrial productivity would have meant mining capital doing for South Africa in the space of a few years what all of previous history had done for Europe and North America ...
... turned the indigenous population into a workforce of general industrial productivity would have meant mining capital doing for South Africa in the space of a few years what all of previous history had done for Europe and North America ...
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