Words have consequences. Words are important because they influence beliefs. Beliefs are a primary force in political economics. Beliefs influence action. People act according to their understanding of what has been; what should have been; what is; what can be; and what should be; and why in each instance.
People act according to their interests; not in the narrow sense of economic interest and certainly not in the even narrower sense of rationally determined economic interest but in the broad sense of what they are interested in, consciously and unconsciously.Read more