In his book Philosophy of Logic, Putnam (1971) presents a short argument which reads like—and indeed, can be reconstructed as—a formal proof that a nominalistic physics is impossible. The aim of this paper is to examine Putnam’s proof and show that it is not compelling. The precise way in which the proof fails yields insight into the relation that a nominalistic physics should bear to standard physics and into Putnam’s indispensability argument.

Two first-order logic theories are definitionally equivalent if and only if there is a bijection between their model classes that preserves isomorphisms and ultraproducts (Theorem 2). This is a variant of a prior theorem of van Benthem and Pearce. In Example 2, uncountably many pairs of definitionally inequivalent theories are given such that their model categories are concretely isomorphic via bijections that preserve ultraproducts in the model categories up to isomorphism. Based on these results, we settle several conjectures of Barrett, (...) Glymour and Halvorson. (shrink)