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 ?
Thus, ironically, because of its nominalist disposition the SJM actually cannot hope to give us social justice, including in economics.
This gives us three different kinds of nominalist objects: abstract particular, concrete particulars, and concrete universals.
The nominalist view of the world combined with the idea that all our knowledge comes only from our senses and that our minds at birth were nothing but a blank slate lead to empiricism.
Without the requisite semantic grounds the regress argument seems to lose its force against the nominalist. For if words have meaning by ways other than standing for an object, then Russell's requirement that the nominalist has to give an explanation of 'resemblance' seems to beg the question against the nominalist.
There are only two nonconstituent nominalist analyses possible: relational and austere nominalism.
Of course, this means engaging with that arch nominalist finger-poker Friedrich Nietzsche and all his marching armies of metaphors, metonyms and anthropomorphisms.
Are general or universal categories in some sense real, as the realists claim in the wake of Plato, Aristotle and Augustine, or are they, as the nominalists insist, concepts which we ourselves foist upon a world in which whatever is real is irreducibly particular?
Thus, after a brief overview of the Court's reasoning (II), I shall try to assess the decision in light of some reflections on nominalist philosophy (III).
The Thomists accentuated God's reason, while the Nominalists accentuated God's will.
Most readers, of course, will be familiar with other versions of Borges's summary of the dispute between realists and nominalists, as depicted in canonical texts from History of Eternity all the way to Other Inquisitions.
For some nominalists, that might suffice to show that whales actually are fish.
There has been a widespread view that species are only arbitrary artifacts of the human mind, as some nominalists, in particular, have claimed." (24) In The Origin of Species Darwin states "...