Niall Mahon’s Reviews > Value, Price and Profit > Status Update
Niall Mahon
is 70% done
The ideas laid out by Marx in this book are simple and deeply informative. One of my favourite examples is:
If you have commodity A (let’s say carrots)
If you have commodity B (let’s say peas)
You can exchange 24 peas for 1 carrot
24P = 1C
Then all other things being equal there must be some third value that these two items are equivalent to in order to allow them to be bartered.
This third thing is LABOUR.
— Jan 17, 2026 12:39AM
If you have commodity A (let’s say carrots)
If you have commodity B (let’s say peas)
You can exchange 24 peas for 1 carrot
24P = 1C
Then all other things being equal there must be some third value that these two items are equivalent to in order to allow them to be bartered.
This third thing is LABOUR.
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Niall’s Previous Updates
Niall Mahon
is 11% done
This book, published after his death by his daughter, is a written form of a talk Marx gave at a conference in response to a trade union with terrible practical ideas of improving capitalism. It’s basically a 150 year old diss track by Marx
— Jan 12, 2026 11:27PM
