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.
References in periodicals archive ?
the God that nominalism revealed was no longer the beneficent and reasonably predictable God of scholasticism.
Since nominalism is meant to provide an account of properties and relations that reduces them to particulars in a way that avoids reifying resemblance, it is important to treat the degree of resemblance among particulars to be an intrinsic element of the particular objects.
The third begins with the context of the rebirth of Thomism in France, Germany, and Italy (led by Cajetan), the humanist nominalism of the University of Paris (led by John Mair), and Spain's Salamanca school and Alcala spirituality.
In light of this coarse division, there can be only the following three exhaustive categories of nominalism: relational and austere nominalism (which are the two exclusive and exhaustive forms of nonconstituent nominalism), and constituent nominalism (1).
If, as Weaver was to assert, "the dissolution of the West" began in the late fourteenth century when Western man made the "evil decision" to accept the nominalism propounded by William of Occam (d.
His critique of textualist nominalism that places, he argues, an excessive confidence in a constructivist view of language and culture and in history as a process that can be altered by these published works entails a universalizing humanism.
One imagines that Nietzsche's apparent nominalism must have been intended as something of a cattle-prod for hapless human animals overwhelmed by false humility: egotism out of its depth, as Hugh Kingsmill once said.
56-67) and, along with the philosophic development of univocity and nominalism, result in the modern secular worldview.
Because of the deconstructive fury with which he applies it, philology introduces a form of skepticism, akin to nominalism, into all a-priori assertions systematic, logical dimensions of philosophical discourse.
1) Some philosophers state that nominalism and realism are the only alternatives open but this is a false dichotomy.
The discussions range widely, from scholastic nominalism, the causes of the Scottish reformation, and Roman agriculture to Marxism and Saussure's linguistic theories.
WHETHER POLITICAL LIBERTY OR A bleak nihilism grows out of Ockham's nominalism is no small matter.