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Douglas Harper's Etymology Dictionary
consequentialism

1969, from consequential + -ism. The philosophy that the morality of an action is to be judged solely by its consequences. Related: Consequentialist.

Wiktionary
consequentialism

n. 1 (context ethics English) The ethical study of morals, duties and rights with an approach that focuses consequences of a particular action. 2 (context ethics English) The belief that consequences form the basis for any valid moral judgment about an action. Thus, from a consequentialist standpoint, a morally right action is one that produces a good outcome, or consequence.

Wikipedia
Consequentialism

Consequentialism is the class of normative ethical theories holding that the consequences of one's conduct are the ultimate basis for any judgment about the rightness or wrongness of that conduct. It is the doctrine that the morality of an action is to be judged solely by its consequences.

Consequentialism is usually contrasted with deontological ethics (or deontology), in that deontology, in which rules and moral duty are central, derives the rightness or wrongness of one's conduct from the character of the behaviour itself rather than the outcomes of the conduct. It is also contrasted with virtue ethics, which focuses on the character of the agent rather than on the nature or consequences of the act (or omission) itself, and pragmatic ethics which treats morality like science: advancing socially over the course of many lifetimes, such that any moral criterion is subject to revision. Consequentialist theories differ in how they define moral goods.

Some argue that consequentialist and deontological theories are not necessarily mutually exclusive. For example, T. M. Scanlon advances the idea that human rights, which are commonly considered a "deontological" concept, can only be justified with reference to the consequences of having those rights. Similarly, Robert Nozick argues for a theory that is mostly consequentialist, but incorporates inviolable "side-constraints" which restrict the sort of actions agents are permitted to do.