The reality of money

Let’s use this method of inquiry to investigate another ubiquitous entity: What is the reality of money? Ask someone on the street if money is real, you would hardly find anyone doubting it. But what actually ‘is’ money? We assume it is real, but what is the substratum of its reality? Is it independently real or does it depend on something for its existence? Is money just the amount of coins in your wallet? Certainly not, since money also appears as bills, cheques, and as digital data. Today the majority of the world’s money is stored as binary code on hard drives. Is the reality of money the binary code on the hard drive, which is storing the balance of the bank account?

Let’s imagine, an alien species visits our planet for the first time. In their foreign culture the concept of money is unknown. Would it be obvious for them to learn what money is, by simply investigating the data of the hard drive? All they could do is extract the data, but they would lack the contextual information about what to do with it. Therefore, money, which seems very ‘real’ to us practically, has no physical substratum. It is only by convention that coins, bills, or digital data act as a symbolic carrier for money. The reality of 10 USD does not originate from a 10-dollar bill. If the money were ‘in’ the bill, it would be impossible to replace an old bill for a new one. Physical carriers, like coins or bills, act as a medium for money, but they ‘are’ not money. Continue reading →

Understanding Reality
in the Vision of Advaita Vedānta

by Wolfgang P., wpl@gmx.net

We, as human beings, are interested in reality. Unlike animals, we are able to ask questions about the nature of our experience. We understand that experiences are numerous and fleeting, so the question arises: What is the reality behind those experiences? From this question subsequent ones emerge: What does it mean to say something is ‘real’ or ‘unreal’? What is the nature of reality? Vedānta is a body of knowledge to analyze the nature of reality and its relationship to the individual (jīva). It applies a teaching methodology that has been handed down from teacher to student since time immemorial. The aim of Vedānta is to make one understand its fundamental tenet:¹

ब्रह्म सत्यं जगत् मिथ्या जीवो ब्रह्मैव नापरः

brahma satyaṃ jagat mithyā jīvo brahmaiva nāparaḥ

Brahman is the only truth (satyam), the world, jagat, is unreal (mithyā), and there is ultimately no difference between brahman and the individual self (jīva).

In this article I will explain the three categories Vedānta provides to understand reality: sat or satyam, asat, and mithyā.² When we talk about reality, we need to distinguish that-which-is-real from that-which-is-not-real. This discriminative inquiry is called tattva-viveka. In Sanskrit, that-which-is-real is called satyam, whereas that-which-is-not-real is called asat. Continue reading →

Advaita Vision

Advaita for the 21st Century

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Understanding Reality – Part 2

The reality of money

Understanding Reality