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utilitarianism (n.)

1827, from utilitarian + -ism. The doctrine that the end of all action should be the greatest happiness of the greatest number.

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Definitions of utilitarianism from WordNet

utilitarianism (n.)
doctrine that the useful is the good; especially as elaborated by Jeremy Bentham and James Mill; the aim was said to be the greatest happiness for the greatest number;
From wordnet.princeton.edu

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