But God gave man dominion over the beasts of the earth: If an animal has economic utility, we should farm it.
Not all plants and flora would have a purely functional or economic utility.
Social and economic utility is the argument favored at the moment.
Conant was also among the first economists to articulate the economic utility of speculation on organized stock exchanges.
Not only that, they are also believed to have a higher economic utility as they can provide additional labor in agriculture.
Their economic utility would increase a thousand-fold.
Since states act to maximize their aggregate economic utility, maximum global welfare is achieved under free trade.
The romantic concept of a partnership based on love rather than economic utility came later.
Slavery was a complex institution that supported traditional Roman social structures as well as contributing economic utility.
Yet legislators expunged that right when its moral repugnance (and decreasing economic utility) caused widespread public concern.