One of the fundamental principles underlying aIl of Frege's logic and ontology is the idea of the existence of a constitutive and radical asymmetry between subject and predicate such that, and inspite of what the superficial grammar of sentences might suggest, they can never really exchange roles. Ramsey, however, maintained that the distinction between subject and predicate in a sentence had no significance other than a pragmatic or rhetorical one, and corresponded to a simple difference of point ofveiw, emphasis or interest. The origins of the present controversy between fol1owers of Ramsey and Frege are traced here in detail through an in-depth examination of the arguments Ramsey himselfused.