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WilliamSchulz

Definition: dealing with things sensibly and realistically in a way that is based on practical rather than theoretical considerations.

In economics: A pragmatic situation is one that draws from experience and involves a quick choice, and not one that is thought over very long.

Pragmatic can also be synonymous with problematic in some instances.

Pragmatic can also mean bringing change to society.

joecavalry

Yes, financial predictions in companies, etc. should be based on facts not emotions or opinions or they may be innacurate. That role may be necessary to create a more accurate report.

LibertineStates

Pragmatism may be beneficial to a society (but not 2001: A Space Odyssey levels of pragmatic.)

WilliamSchulz

LibertineStates said:

Pragmatism may be beneficial to a society (but not 2001: A Space Odyssey levels of pragmatic.)

Oh for sure! I think that in economics, pragmatism can be useful in promoting small businesses, but too much of it can eventually envelop a society into error and poor markets.