In his monograph On Numbers and Games, J. H. Conway introduced a real-closed field containing the reals and the ordinals as well as a great many less familiar numbers including $-\omega, \,\omega/2, \,1/\omega, \sqrt{\omega}$ and $\omega-\pi$ to name only a few. Indeed, this particular real-closed field, which Conway calls No, is so remarkably inclusive that, subject to the proviso that numbers—construed here as members of ordered fields—be individually definable in terms of sets of NBG (von Neumann—Bernays—Gödel set theory with global choice), it may be said to contain “All Numbers Great and Small.” In this respect, No bears much the same relation to ordered fields that the system ℝ of real numbers bears to Archimedean ordered fields.

In Part I of the present paper, we suggest that whereas $\mathbb{R}$should merely be regarded as constituting an arithmetic continuum (modulo the Archimedean axiom), No may be regarded as a sort of absolute arithmetic continuum (modulo NBG), and in Part II we draw attention to the unifying framework No provides not only for the reals and the ordinals but also for an array of non-Archimedean ordered number systems that have arisen in connection with the theories of non-Archimedean ordered algebraic and geometric systems, the theory of the rate of growth of real functions and nonstandard analysis.

In addition to its inclusive structure as an ordered field, the system No of surreal numbers has a rich algebraico-tree-theoretic structure—a simplicity hierarchical structure—that emerges from the recursive clauses in terms of which it is defined. In the development of No outlined in the present paper, in which the surreals emerge vis-à-vis a generalization of the von Neumann ordinal construction, the simplicity hierarchical features of No are brought to the fore and play central roles in the aforementioned unification of systems of numbers great and small and in some of the more revealing characterizations of No as an absolute continuum.

This article serves to present a large mathematical perspective and historical basis for the Axiom of Replacement as well as to affirm its importance as a central axiom of modern set theory.

We try to answer the question which is the “right” foundation of mathematics, second order logic or set theory. Since the former is usually thought of as a formal language and the latter as a first order theory, we have to rephrase the question. We formulate what we call the second order view and a competing set theory view, and then discuss the merits of both views. On the surface these two views seem to be in manifest conflict with each other. However, our conclusion is that it is very difficult to see any real difference between the two. We analyze a phenomenon we call internal categoricity which extends the familiar categoricity results of second order logic to Henkin models and show that set theory enjoys the same kind of internal categoricity. Thus the existence of non-standard models, which is usually taken as a property of first order set theory, and categoricity, which is usually taken as a property of second order axiomatizations, can coherently coexist when put into their proper context. We also take a fresh look at complete second order axiomatizations and give a hierarchy result for second order characterizable structures. Finally we consider the problem of existence in mathematics from both points of view and find that second order logic depends on what we call large domain assumptions, which come quite close to the meaning of the axioms of set theory.