Examlex
In this selection Churchland examines functionalism and the two prominent versions of materialism in philosophy of mind. Reductivism claims that there is an identity of mental states with brain states. Functionalism rejects any one-to-one correlation between mental types and physical types and concentrates on the relationship between inputs and outputs. For example, the mental event of pain could be similar in two beings that have altogether different types of bodies and brains. Most functionalists are materialists, but someone could be a functionalist and be a nonmaterialist. Eliminative materialism is more radical than either of these other theories and seeks to eliminate "folk psychology"-talk of beliefs, feelings, and perceptions-in favor of more scientific descriptions of what is going on in the brain. Churchland concludes that the truth may be a combination of the two materialist theories, although the evidence points more in the direction of eliminativism.
-According to Nagel, what we can say about physicalism is that
Capital Account
The capital account in financial accounting represents where adjustments in assets and liabilities are recorded, correlating to transactions involving investments or loans.
Liquidating Partnership
A process where a partnership ends its operations, sells off its assets, and pays its liabilities, distributing the remaining assets to the partners based on their share in the partnership.
Insolvent
A financial state where an entity cannot meet its financial obligations as they come due.
Personal Creditors
Individuals or entities to whom a person owes money, as opposed to business or corporate creditors.
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