The extensive array of mid‐20th century stratigraphic event signals associated with the ‘Great Acceleration’ enables precise and unambiguous recognition of the Anthropocene as an epoch/series within the Geological Time Scale. A mid‐20th century inception is consistent with Earth System science analysis in which the Anthropocene term and concept arose, and would reflect the reality that our planet has sharply exited the range of natural variability characterizing the Holocene Epoch/Series, which the Anthropocene would therefore terminate. An alternative, recently proposed ‘geological event’ approach to the Anthropocene is primarily an interdisciplinary concept, encompassing historical and socio‐cultural processes and their global environmental impacts over a diachronous timeframe that extends back at least many millennia. Resembling more closely a geological episode than an event, it would decouple the Anthropocene from its chronostratigraphic delineation and association with an abrupt planetary perturbation; but separately defined and differently named it might be usefully complementary. We recommend a clear separation of epochs, events and episodes. An epoch is a formal subdivision of the Geological Time Scale, and its correlation may be assisted by one or more events; an event is usually, and particularly in the Quaternary, a brief incident or perturbation with a sedimentary expression; and an episode is a longer, internally complex time interval that may include several events and even extend across several epochs.