Barry Schwartz on our loss of wisdom

TED Talks 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.ted.com/talks/barry_schwartz_on_our_loss_of_wisdom.html

Yes, this is an excellent speech. Yes, what we need is real wisdom, moral, and character. Not more rules, and mere incentives for motivations.