Abstract
In this paper, I review properties and consequences of the PRINCIPLE OF CONTRAST. This principle, which I have argued from the beginning has a pragmatic basis, captures facts about the inferences speakers and addresses make for both conventional and novel words. Along with a PRINCIPLE OF CONVENTIONALITY, it accounts for the pre-emption of novel words by well-established ones. And it holds just as much for morphology as it does for words and larger expressions. In short, Contrast has the major properties Gathercole (1989) proposed as characteristic of her alternative to Contrast.