Matilal, B. K.  “Ontological Problems in Nyaya, Buddhism and Jainiam: A Comparative Analysis.”  Journal of Indian Philosophy 5 (1977): 91-105.

Abstract

The Nyaya-vaisesika believed that we can achieve a satisfactory explanation of “what there is” if we can analyse and classify the concrete objects of our experience into “substance”, “quality” and “action.”  The Buddhist thought reality to be in perpetual flux and thus the objects of experience are synthetic and analysable into what they called “dharmas.”  The Jainas compromised by saying that  reality is “manysided,” both substantial (when we take the Nyaya point of view) and ever fluctuating (when we take the Buddhist position).  In Whiteheadean terms, it is a combination of “process” and “reality.”  A comparison, in some details, of these three schools is attempted in the paper.  [Abstract from The Philosopher’s Index]