I studied both (λ-calculus and Set Theory) academically and the description IS disjointed and difficult to read. I get what OP is trying to say because I already understand these concepts.<p>But even though the isomorphism between the Y combinator and Russell's paradox is elegant, the paradox is actually very deep (much deeper than the idea of a fixed point) -- that's why it took someone until the early 20th century to formalize it. For an awesome (and mind-blowing) explanation of the paradox, see Halmos' Naive Set Theory (botom of page 6): <a href="http://sistemas.fciencias.unam.mx/~lokylog/images/stories/Alexandria/Logica%20y%20Conjuntos/Paul%20R.Halmos%20-%20Naive%20Set%20Theory.pdf" rel="nofollow">http://sistemas.fciencias.unam.mx/~lokylog/images/stories/Al...</a>