In This Reading James Sets Forth His View of Truth

question 1

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."
-According to James, truth has nothing to do with the good.

---

Definitions:

Households

Economic entities (of one or more persons occupying a housing unit) that provide resources to the economy and use the income received to purchase goods and services that satisfy economic wants.

Top Quintile

Refers to the highest fifth or 20% segment of a population or group sorted by a particular metric, often used in the context of income distribution.

Progressive Tax

A tax system where the tax rate increases as the taxable amount increases, typically aimed at redistributing wealth more equitably.

Value-Added Tax (VAT)

A type of tax that is applied incrementally at each stage of production and distribution on the value added to goods and services.