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pragmatism (n.)

1825, "matter-of-fact treatment," from Greek pragmat-, stem of pragma "that which has been done" (see pragmatic) + -ism. As a philosophical doctrine, by 1898, said to be from 1870s; probably from German Pragmatismus. As a name for a political theory, from 1951. Related: Pragmatist (1630s as "busybody;" 1892 as "adherent of a pragmatic philosophy").

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Definitions of pragmatism from WordNet

pragmatism (n.)
(philosophy) the doctrine that practical consequences are the criteria of knowledge and meaning and value;
pragmatism (n.)
the attribute of accepting the facts of life and favoring practicality and literal truth;
Synonyms: realism
From wordnet.princeton.edu