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To: Siddhartha Gautama who wrote (55381)11/1/2004 10:10:09 PM
From: Elroy Jetson  Respond to of 74559
 
Sort of. I would say it slightly differently.

The wealth of a society is represented among the Primary Factors of Production (land, natural resources, tools). Obviously, the way those factors are valued depend upon culture and relative scarcity.

Money may represent a share of wealth, but it ultimately has no scarcity so it's value is quite arbitrary.



To: Siddhartha Gautama who wrote (55381)11/2/2004 1:37:14 AM
From: Taikun  Respond to of 74559
 
Money, gold, currency, stocks, wealth, goodwill in a company, pension fund benefits are all forms of stored (saved) energy.


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