This is the clearest exposition of the most important problem in epistemology: the problem of universals. Most philosophers have believed that the meaning of concepts are not derived from sense perception. The Platonists and religious philosophers such as Augustine believe that concepts come from pre-existing forms, which are revelations from the highest form God. The Sophists, nominalists, and other secular philosophers such as Kant believe concepts are inventions of the mind and do not correspond to reality. Rand argues persuasively that a concept (or universal) is not synonymous with its definition, but an organization of an entire class of existents, our defintion of it changing as we learn more about the similarities of this class. For instance, the concept of "atom" has changed a lot from the Ancient Greeks through Dalton to the present day; but this change in defintion was not arbitrary. The scientists were responding to their observations, and the more they learned about atoms, the more they were obliged to change the definition of atom in accordance with their new understanding. Rand recognizes her debt to Aristotle in epistemology, but also points out flaws in Aristotle's theory of universals, and how these flaws were relentlessly exposed by philosophers eager to attack reason and promote faith, brute feeling, and other forms of irrationality. Most philosophy in the modern period is very abstruse, obscure, and incoherent; this book, by contrast, presents the issue very clearly.