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The literature dealing with G\"odel's legacy is largely preoccupied with challenging his philosophical views, regarding them as outdated. We believe that such an approach prevents us from seeing G\"odel's views in the right light and understanding their rationale. In this article, his views are discussed in the philosophical realm in which he himself understood them. We explore the consequences of G\"odel's incompleteness theorems for the question of the objectivity of mathematics and its epistemology. Taking set theory as the paradigm of formal mathematical theories, we examine the relationship between its incompleteness and extensionality. We argue, based on his philosophical views, that G\"odel believed incompleteness can be overcome only by some intensional considerations about concepts from the basis of mathematical theories. These considerations should eventually lead to founding the so-called logic of concepts.
Kostić et al. (Sat,) studied this question.