Pragmatic utility

Pragmatic utility: The value of scientific hypotheses (including laws and theories), all things considered, including the moral, political and economic consequences of anticipated action based on those hypotheses.

Source: ‘What is Good? What is Bad? The Value of All Values across Time, Place and Theories’ by John McMurtry, Philosophy and World Problems, Volume I-III, UNESCO in partnership with Encyclopedia of Life Support Systems: Oxford, 2004-11.