AbstractOne of the more distinctive features of Bob Hale and Crispin Wright's neologicism about arithmetic is their invocation of Frege's Constraint – roughly, the requirement that the core empirical applications for a class of numbers be “built directly into” their formal characterization. In particular, they maintain that, if adopted, Frege's Constraint adjudicates in favor of their preferred foundation – Hume's Principle – and against alternatives, such as the Dedekind‐Peano axioms. In what follows we establish two main claims. First, we show that, if sound, Hale and Wright's arguments for Frege's Constraint at most establish a version on which the relevant application of the naturals is transitive counting – roughly, the counting procedure by which numerals are used to answer “how many”‐questions. Second, we show that this version of Frege's Constraint fails to adjudicate in favor of Hume's Principle. If this is the version of Frege's Constraint that a foundation for arithmetic must respect, then Hume's Principle no more – and no less – meets the requirement than the Dedekind‐Peano axioms do.