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What does 'panta rhei' mean in the philosophy of Heraclitus?

The phrase 'panta rhei' translates to 'everything flows' and serves as an aphorism summarizing Heraclitus's doctrine of constant change. While Plato attributes this teaching to Heraclitus, the exact formula first appears in the writings of the late antique Neoplatonist Simplicius. This concept portrays the world as always becoming and never truly being.

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