Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Marxism after the Death of Gold

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

This chapter examines Marx's notion of gold as the ultimate monetary commodity and the consequence of the cutting of the tie of gold with the dollar in 1971 for Marxism and, finally, shows how a 'slight (class-struggle) stretch' of them can give us an adequate analysis both politically and theoretically. Gold 'as the money-commodity' was in 1867 not only marginal in what Marx called 'world-money', but its use in the form of coins was also marginal to 'domestic' monetary transactions among capitalists and between workers and capitalists. Throughout Capital Marx explored many aspects of money that explicitly were categorically detached from gold and indeed he recognised that this detachment was functional to their operation. The demonetarisation or 'demise' of gold leads neither to a transition from capitalism into a hyper-symbolic social system beyond work and exploitation nor to the end of Marxism as a study and practice of class-struggle.

Keywords: capitalism; death; gold; hyper-symbolic social system; Marxism; money-commodity; workers



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Beyond Marx — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation