History
The oldest use of the term "realism" appears in medieval scholastic interpretations and adaptations of Greek philosophy. Here, however, it is a Platonic realism developed out of debates over the problem of universals. Universals are terms or properties that can be applied to many things, such as "red", "beauty", "five", or "dog". Realism in this context, contrasted with conceptualism and nominalism, holds that such universals really exist, independently and somehow prior to the world. Moderate Realism holds that they exist, but only insofar as they are instantiated in specific things; they do not exist separately from the specific thing. Conceptualism holds that they exist, but only in the mind, while nominalism holds that universals do not "exist" at all but are no more than words (flatus voci) that describe specific objects.
Read more about this topic: Philosophical Realism
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