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Our loss of wisdom - Barry Schwartz

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Barry Schwartz makes a passionate call for "practical wisdom" as an antidote to a society gone mad with bureaucracy. He argues powerfully that rules often fail us, incentives often backfire, and practical, everyday wisdom will help rebuild our world.

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President Barack Obama gave his first inaugural address to the nation on 20 January 2009.The Great Recession, or the Global Recession of 2009, is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008.A father who mistakenly gave 7-year-old son 'hard' lemonade at a Tigers game lost custody of his child for two days.What is wisdom and how have the philosophers of the past understood this subject?According to Aristotle, practical wisdom is the combination of moral will and moral skill. An incentive is something that motivates an individual to perform an action and has both positive and negative outcomes.Atticus Finch is a fictional character of Harper Lee's Pulitzer Prize-winning novel To Kill a Mockingbird and voted by the American Film Institute to be the greatest hero in American film.
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