Abstract
The iterative conception of set commonly is regarded as supporting the axioms of Zermelo-Fraenkel set theory (ZF). This paper presents a modified version of the iterative conception of set and explores the consequences of that modified version for set theory. The modified conception maintains most of the features of the iterative conception of set, but allows for some non-wellfounded sets. It is suggested that this modified iterative conception of set supports the axioms of Quine's set theory NF.
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