Amazing how "little" the encyclopedists actually know or understand.....the 
fellow below, might have his "heart" in the right place but his 
understanding of actual philosophical schools or directions of thought is 
all his own.. i.e., made up by him.... Plato.. probably the prototypical 
IDEALIST.... must be turning in his grave at being called a 
"REALIST"....and his rendition or characterization of Nominalism... smacks 
a bit of Phenomenology....
 Anyway....what would you "folks" say that ontology consists 
of?......Personally... I like to think of "ontology" as the consideration 
or investigation into differences between.... Fact (ontic) and Fancy 
(Wonder-Land)....I like to restrict "facts" to actual "hard" physical 
references....On the other hand, the ideas and gushy emotional sensations 
(concepts), well.... that's where Wonder-Land "can" reside.....


http://en.wikipedia.org/wiki/Ontology....
Some philosophers, notably of the Platonic 
school<http://en.wikipedia.org/wiki/Platonism>, 
contend that all nouns (including abstract 
nouns<http://en.wikipedia.org/wiki/Abstract_noun>) 
refer to existent entities. Other philosophers contend that nouns do not 
always name entities, but that some provide a kind of shorthand for 
reference to a collection of either 
objects<http://en.wikipedia.org/wiki/Object_%28philosophy%29>or 
events <http://en.wikipedia.org/wiki/Event_%28philosophy%29>. In this 
latter view, *mind <http://en.wikipedia.org/wiki/Mind>*, instead of 
referring to an entity, refers to a collection of *mental events*experienced by 
a person; 
*society <http://en.wikipedia.org/wiki/Society>* refers to a collection of 
persons with some shared characteristics, and 
*geometry<http://en.wikipedia.org/wiki/Geometry>
* refers to a collection of a specific kind of intellectual 
activity.[1]<http://en.wikipedia.org/wiki/Ontology#cite_note-1>Between these 
poles of 
realism <http://en.wikipedia.org/wiki/Platonic_realism> and 
nominalism<http://en.wikipedia.org/wiki/Nominalism>, 
there are also a variety of other 
positions<http://en.wikipedia.org/wiki/Moderate_realism>; 
but any ontology must give an account of which words refer to entities, 
which do not, why, and what categories result. When one applies this 
process to nouns such as *electrons <http://en.wikipedia.org/wiki/Electron>*, 
*energy <http://en.wikipedia.org/wiki/Energy>*, 
*contract<http://en.wikipedia.org/wiki/Contract>
*, *happiness <http://en.wikipedia.org/wiki/Happiness>*, 
*space<http://en.wikipedia.org/wiki/Space>
*, *time <http://en.wikipedia.org/wiki/Time>*, 
*truth<http://en.wikipedia.org/wiki/Truth>
*, *causality <http://en.wikipedia.org/wiki/Causality>*, and 
*God<http://en.wikipedia.org/wiki/God>
*, ontology becomes fundamental to many branches of philosophy.[*citation 
needed <http://en.wikipedia.org/wiki/Wikipedia:Citation_needed>*]..

Anyway....

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