Power is money We all learn about the power function. It is y = bx We say b raised to the power of x. x is the power. This power function can be written as a logarithm function x = logby Suppose P represent the scarcity of a commodity. The value of the commodity can be defined as logb(1/P) Here 1/P is y in the previous equation. So x = logb(1/P) x is the power. logb(1/P) is economic value. Power is equal to money.
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