In This Reading James Sets Forth His View of Truth

question 13

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 asserts that the possession of true thoughts means everywhere the possession of invaluable instruments of action.

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Definitions:

Macroeconomic Equilibrium

A state in which aggregate supply equals aggregate demand in an economy, leading to a stable price level and full employment.

Aggregate Production

The total output of goods and services produced by an economy over a specified period.

Aggregate Production

The total output of goods and services produced by an economy over a given period.

Aggregate Purchases

The total amount spent on goods and services within an economy at a given period of time.