We frequently hear terms like ?common sense? and ?street smarts.? But what about ?practical wisdom?? A concept first identified by Aristotle, practical wisdom is something Swarthmore professors Barry Schwartz and Kenneth Sharpe believe needs a comeback. They insist that it could help our institutions and communities and our nation. But what is practical wisdom? And how might it help something like Obama’s presidency?

Barry and Kenneth are in studio to explain. Their new book is called ?Practical Wisdom: The Right Way to Do the Right Thing.?