Abstract
This paper seeks to question the position of ZF as the dominant system of set theory, and in particular to examine whether there is any philosophical justification for the axiom of foundation. After some historical observations regarding Poincare and Russell, and the notions of circularity and hierarchy, the iterative conception of set is argued to be a semi-constructvist hybrid without philosophical coherence. ZF cannot be justified as necessary to avoid paradoxes, as axiomatizing a coherent notion of set, nor on pragmatic grounds, and should be replaced by a system allowing non-well-founded sets.