Recently I heard in a talk about research and innovation about Pasteur's Quadrant, which is also the title of a book by Donald E. Stokes .
It puts different types of innovation and research along the two dimensions:
Pure and base research (Niels Bohr is the quoted name here) is looking for fundamental understanding, but not considering use. Pure applied research as Edison did considers mainly the use, but is not looking for fundamental understanding. He argues to look more for research in the quadrant looking both at use and fundamental understanding - and name Pasteur as an example for a researcher in that quadrant.
For a much better description, see Completing the Bush Mode: Pasteur's Quadrant by Donald Stokes.
 Donald E. Stokes: Pasteur's Quadrant. Basic Science and Technological Innovation, Brookings Institution Press (September, 1997)