Context:
The passage from the standpoint of knowledge for knowledge's sake, to that of knowledge for life's sake, expresses one of the aspects of the widest movement of modern intellectual evolution. Our age, and in particular the Anglo-Saxon race, has gained the reputation of being intensely practical. This tendency has a deeper philosophical meaning than is generally recognized. As the child passes with advancing years from actions having no
objective end to activities for
definite results, in a like manner do nations turn from the delusive grandeur of the knowledge for knowledge's sake ideal to that of knowledge for life's sake, and substitute the Gospel of Being and of Doing for that of Knowing.
More:
http://www.jstor.org/stable/1411387