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Nominalism

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Nominalism
The legal principle that the dollar amount of a debt remains the same regardless of the inflation rate. Inflation and deflation, which both change the real value of repayment, do not affect the amount of a debt recorded on a balance sheet. In theory, this places risks on both the lender and the borrower, but, in practice, the lender has most of the risk, as inflation, which reduces the real value of repayment, is more likely than deflation.


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It suggests that modernity is not anti-medieval, but an extension of a certain form of medievalism, Nominalism.
Dupre argues that the rejection of this principle was rooted not just in the nominalism of John Duns Scotus and William of Ockham but also in the theology, art, and poetry of Franciscan religious humanism, which, in emphasizing the concreteness of Christ's humanity, placed the "highest spiritual meaning" in the individual rather than the universal.
9789173466189 Moderate nominalism and moderate realism.
 
 
 
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