"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."
http://www.youtube.com/watch?v=lA-zdh_bQBo
First five minutes defines wisdom per Aristotle: Moral Skill plus Moral Will using the janitor's job as an example.
Then talks about how when things go wrong in society, the response is to come up with rules and incentives.
In the short term these work, but in the long term rules restrict peoples ability to practice moral skill, and incentives sap their moral will. Reference made to the call to fix the financial markets with more regulations and better incentives.
His hope though is that people deep down want the chance to do the right thing (rather than follow the rules robotically, and take advantage rather than cooperate with people) and this opportunity needs to be provided.
http://www.youtube.com/watch?v=lA-zdh_bQBo
First five minutes defines wisdom per Aristotle: Moral Skill plus Moral Will using the janitor's job as an example.
Then talks about how when things go wrong in society, the response is to come up with rules and incentives.
In the short term these work, but in the long term rules restrict peoples ability to practice moral skill, and incentives sap their moral will. Reference made to the call to fix the financial markets with more regulations and better incentives.
His hope though is that people deep down want the chance to do the right thing (rather than follow the rules robotically, and take advantage rather than cooperate with people) and this opportunity needs to be provided.
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