In This Reading James Sets Forth His View of Truth

question 4

True/False

In this reading James sets forth his view of truth. He holds that truth is dynamic rather than static and is to be defined in terms of beliefs that are useful or satisfying. Unlike the "intellectualists" (James's characterization of the traditional static approaches to the question of truth, i.e., the correspondence theorists), truth is in process-still becoming and changing. Yesterday's truth is today's falsehood, and today's truth is tomorrow's half-truth. What really matters is what you can do with an idea, what difference it makes to your life, its (in James's term) "cash-value."
-James declares that truth lives on a credit system.

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Definitions:

Price Floor

A government or regulatory imposed limit on how low a price can be charged for a product or a service, aimed at protecting producers.

Minimum Wage

The lowest legal hourly wage that employers can pay workers, set by government policy to ensure a basic standard of living for workers.

Minimum-Wage Laws

Regulations establishing the lowest amount that employers can legally pay their workers per hour of labor.

United States

A country in North America comprised of 50 states and a federal district, known for its substantial influence in global economic, political, and cultural matters.