AbstractIt cannot be overemphasized that changes in concepts have far more impact than new discoveries(Mayr, 1997, p. 98)Concept theory is an extremely broad, interdisciplinary and complex field of research related to many deep fields with very long historical traditions without much consensus. However, information science and knowledge organization cannot avoid relating to theories of concepts. Knowledge organizing systems (e.g., classification systems, thesauri, and ontologies) should be understood as systems basically organizing concepts and their semantic relations. The same is the case with information retrieval systems. Different theories of concepts have different implications for how to construe, evaluate, and use such systems. Based on “a post‐Kuhnian view” of paradigms, this article put forward arguments that the best understanding and classification of theories of concepts is to view and classify them in accordance with epistemological theories (empiricism, rationalism, historicism, and pragmatism). It is also argued that the historicist and pragmatist understandings of concepts are the most fruitful views and that this understanding may be part of a broader paradigm shift that is also beginning to take place in information science. The importance of historicist and pragmatic theories of concepts for information science is outlined.