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 ?
Although it may seem to some that as a metaphysical theory nominalism may be irrelevant to the practice of economics and even to the recognition of injustices, nonetheless I argue that justice, economic practice, and the SJM actually presuppose a different view of what is real than nominalism.
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.
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).
For Richard Weaver the decisive event in the decline of the West took place in the 14th century: the rejection of Plato's Theory of Ideas and acceptance of William of Ockham's nominalism:
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.
Santiago expressed support for suggestions that the Commission on Appointments confirm posthumously Robredo as secretary of the interior although she said this was also nothing more than "nominalism."
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.
Yet in his later Pragmatism he briefly suggests nominalism, though it is not a definite position, and in his final unfinished book Some Problems of Philosophy, he suggests that realism is the best theory.
The discussions range widely, from scholastic nominalism, the causes of the Scottish reformation, and Roman agriculture to Marxism and Saussure's linguistic theories.