Daktoria
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Pragmatism was coined (IIRC) by Charles Sanders Peirce near the end of the 19th century. Basically, in a process of inquiry, when a question is discovered to have defined answers, none of which make any difference to what any individual experiences, the one most in agreement with already accepted views is taken to be true. It was a way to classify metaphysical statements as to their meaningfullness, and also as a means of choosing between them when no empirical option for doing so would ever be available. William James later took the term and broadened its application, such that the pragmatic belief is the one that best connects an individual's experiences. Thus, if I believe I have a million dollars in my closet, and I attempt to go purchase a new ferrari with the dirty clothes which are stuffed in the bottom of my closet, and I am denied the trade, I should revise my belief since the one I currently have does not connect my experiences. The most pragmatic belief is that my dirty clothes are not a million dollars.
This doctrine had an interesting effect when considering questions about the existence of God, which James examined in his famous essay "The Will to Believe." He is commonly misunderstood as saying that we should believe whatever we want. Nothing could be further from the truth. What James said was that we should believe what best connects our experiences. If it turns out that belief in God is what connects our experiences in a cohesive manner, then we should believe in God even in the absence of firmer evidence (ditto non-belief in God).
Pragmatism has absolutely nothing to do with what you've stated in this thread. Again, you seem to be taking words that have a settled meaning (more or less) and then changing those meanings, and casting aspersions on those you classify into those mistaken categories. Why not just say that myopaeia and a philosophy of complete selfishness are destroying the economy? That's what you seem to mean.
Myopia doesn't quite cut it. It isn't just short sightedness, but an obsession with concrete sensation over abstract intuition. People believe sensing what's in front of them qualifies as accommodating all possible variations of what an object can actually be. For example, as a pragmatist, if I've only seen green triangles, it would be practical to believe all triangles are green and/or the color green establishes three sided/cornered shapes.
I'm not familiar with pragmatism having any metaphysical stance at all actually, and it's always seemed hyper-empirical. I'll read your essay, but if you have anything else to suggest, that would be great as well.
Anyway, I'm aware that pragmatism is about conceiving practical effects and recycling them into intelligent practice. You'll notice I actually directly cited the pragmatic maxim here: http://www.debatepolitics.com/economics/119004-pragmatism-destroying-economy-2.html#post1060198190