The utilitarian notion...has the fatal limitation that it attempts to assign limits to what is, or may in the future become, useful, in accordance with a more or less arbitrarily restricted standard of what constitutes utility.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "The utilitarian notion...has the fatal limitation that it attempts to assign limits to what is, or may in the future become, useful, in accordance with a more or less arbitrarily restricted standard of what constitutes utility." in the context of "E. W. Hobson, Mathematics, from the points of view of the Mathematician and of the Physicist (1912) an address delivered to the Mathematical and Physical Society of University College London, p. 10." to mean that wisdom is timeless.