Abstract
Madhyamaka claims that while everything is in fact empty, the use of concepts invariably leads to the error known as prapañca or hypostatisation, in the form of the supposition that there are things with intrinsic nature. This may be put as the claim that all conceptualisation falsifies. But this claim is paradoxical in that its truth would entail its falsity. While Mādhyamikas have not directly addressed this problem, a solution might be found utilizing the resources of contextualist semantics. This paper explores the origins of the paradox by tracing the history of the notion of prapañca, and then examines how a contextualist approach might resolve the difficulty.