War on Wisdom

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[youtube:”http://www.youtube.com/watch?v=lA-zdh_bQBo”]

Take a moment to watch Barry Schwartz: The real crisis? We stopped being wise.  Using the examples of the current financial crisis and education Barry describes how rules and incentives undermine wisdom.  Here a few of my favorite quotes to get you intrigued.

“Rules and incentives may make things better in the short run but they create a downward spiral that makes them worse in the long run.”

“Without intending it, by appealing to rules and incentives we are engaging in a war on wisdom.”

Joe

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