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 40
... commodities . Commodities , provided that their values have not altered , now have their values expressed in smaller amounts of gold . In other words , there has been a universal drop in price . Likewise does a decline in the value of ...
... commodities . Commodities , provided that their values have not altered , now have their values expressed in smaller amounts of gold . In other words , there has been a universal drop in price . Likewise does a decline in the value of ...
Page 52
... commodities , this distinction is only conceptual . He does not actually investigate empirically when a change in the value of gold is on account of an actual change in the labour - time ... values of commodities are expressed in terms of 52.
... commodities , this distinction is only conceptual . He does not actually investigate empirically when a change in the value of gold is on account of an actual change in the labour - time ... values of commodities are expressed in terms of 52.
Page 71
... commodities exchange for one another . Fluctuations in the values of commodities relative to one another are reflected in their changing relative prices . Gold here officiates in its capacity as standard of price although it does not ...
... commodities exchange for one another . Fluctuations in the values of commodities relative to one another are reflected in their changing relative prices . Gold here officiates in its capacity as standard of price although it does not ...
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