Barry Schwartz: Using our practical wisdom

The video discusses the widespread dissatisfaction with institutions and the reliance on rules and incentives to address this. It introduces Aristotle's concept of practical wisdom, emphasizing the need for moral will and skill. Examples of practical wisdom in action are provided, highlighting the limitations of rigid rules. The video also discusses system-changers who transform systems for better outcomes. It concludes by stressing the importance of practical wisdom for happiness and meaningful work.

What does the author mean by 'practical wisdom' and why is it considered the master virtue?

How does the author suggest that the current educational system affects teachers' motivations?

In what way does the Veterans' Court differ from traditional sentencing procedures?

What are the two main factors that contribute to happiness according to the text?