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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.
-Nagel thinks some things in the world cannot be adequately understood from an objective point of view.
Weighted Average Cost
A calculation that takes into account the varying costs of goods or capital across different sources, weighted by their respective proportions in the total.
Marginal Tax Rate
The rate of tax applied to the next dollar of taxable income.
Pre-tax Cost
The expense or cost incurred by a corporation before the deduction of tax liabilities.
Pay Interest
The act of compensating lenders or depositors for the use of their money, typically expressed as an annual percentage of the principal.
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