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William James explains the pragmatic method and its consequences, advocating its usefulness in understanding what we take to be true belief. Pragmatism holds that to have a belief is to have certain rules for action. Any and every notion has its own set of practical consequences. The meaning of a thought is said to be whatever course of action necessarily follow from it. In metaphysical disputes between false and true notions, the dispute must be settled by considering the practical consequences of the two notions. Any two notions that can be shown to have identical practical consequences are shown to be identical notions. Writes James,