principle of utility

Philosophy dictionary. . 2011.

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  • principle of utility — greatest happiness principle …   Useful english dictionary

  • utility and value — ▪ economics Introduction       in economics, the determination of the prices of goods and services.       The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials …   Universalium

  • utility — /yooh til i tee/, n., pl. utilities, adj. n. 1. the state or quality of being useful; usefulness: This chemical has no utility as an agricultural fertilizer. 2. something useful; a useful thing. 3. a public service, as a telephone or electric… …   Universalium

  • utility — In economic theory, utility is defined as the benefit or satisfaction which is derived from the consumption of a commodity. In eighteenth century moral philosophy, it meant ‘the greatest happiness principle’: actions are right if they tend to… …   Dictionary of sociology

  • utility — /juˈtɪləti / (say yooh tiluhtee) noun (plural utilities) 1. the state or character of being useful. 2. something useful; a useful thing. 3. a public service, as a bus or railway service, gas or electricity supply, or the like. 4. Also, utility… …   Australian English dictionary

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  • History of economic thought — The history of economic thought deals with different thinkers and theories in the field of political economy and economics from the ancient world to the present day. British philosopher Adam Smith is cited by many as the father of modern… …   Wikipedia

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  • Essay on a Course of Liberal Education for Civil and Active Life — (1765) is an educational treatise by the eighteenth century British polymath Joseph Priestley. [Priestley, Joseph. Essay on a Course of Liberal Education for Civil and Active Life . London: Printed for C. Henderson under the Royal Exchange; T.… …   Wikipedia

  • The Nature of Rationality — is an exploration of practical rationality written by Robert Nozick and published in 1993. It views human rationality as an evolutionary adaptation. Its delimited purpose and function may be responsible for biases and blind spots, possibly… …   Wikipedia

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