Franklin Merrell-Wolff continues this series by discussing the mathematical basis of the mandala which grew out of his Realization that “substantiality is inversely proportional to ponderability.” He describes how this Realization took the conceptual expression S = 1/P or PS = 1, which is the formula for an equilateral hyperbola, and goes on to expand upon the symbolic meaning of the hyperbola as an expression of the inversion of consciousness that leads to the Realization of the liberating Consciousness. He continues to elaborate upon the generation of the mandala by analyzing the meaning of the two squares, the circle, and the four branches of the two conjugate hyperbolas that complete the symbolism of its mathematical structure. Wolff concludes this long parenthetical statement by noting that the anatmic doctrine of early Buddhism, in which the Self is considered a sort of epiphenomenon, would be in conformity with the mandala since the center of the hyperbolas are external rather than internal and primary as in the case of the circle.