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Mar 4, 2016 at 16:39 comment added Andreas Blass @PeterLeFanuLumsdaine Yes, I regard NBG as being "essentially" ZF. But I think that, if one regards proper classes as actually existing entities, then there is no reason to restrict the comprehension axiom to formulas without class quantifiers, and so MK is a more reasonable theory to use than NBG. In other words, I think of MK as the natural theory of sets and classes, whereas NBG is a technical variant of ZFC with some advantages over ZFC (like finite axiomatizability) and some disadvantages (like failure of induction in general).
Mar 4, 2016 at 16:35 comment added Peter LeFanu Lumsdaine One extra point to an excellent answer: von-Neumann–Bernays–Gödel set theory gives a setting much closer to ZFC than Morse–Kelly (precisely, NBG is conservative over ZFC) where one can talk directly about proper classes and so literally make a statement “the class of all sets is proper”.
S Mar 4, 2016 at 16:32 history answered Andreas Blass CC BY-SA 3.0
S Mar 4, 2016 at 16:32 history made wiki Post Made Community Wiki by Andreas Blass