We need to answer all of the questions that potential donors ask when they apply their own "practical wisdom".
Even many deontologists now stress the point that their action-guiding rules cannot, reliably, be applied correctly without practical wisdom, because correct application requires situational appreciation the capacity to recognise, in any particular situation, those features of it that are morally salient.
For every action, there is an equal and opposite reaction -- and Sir Isaac Newton's third law of motion provides much practical wisdom that applies to taking risks in business.
In their work Hilton and Slotnik [ 38] use the Greek term "phronesis", practical wisdom that is developed by experience and reflection on the experience.
The resilience of communities may rely on practical wisdom to use medicinal plants as an alternative to or in combination with institutional health care systems.
Clinical judgment betokens a practical wisdom stemming from training and professional practice [ 26].
By "practical wisdom," the authors, a pair of Swarthmore College professors, mean applied or situational wisdom, which might have made better titles.
Judgment is a virtue that relies upon practical wisdom; it is established as a habit through practice.
In the Hebrew Bible the book of Proverbs offers the best example of practical wisdom, while Job and Ecclesiastes give expression to speculative wisdom.
In that perspective, the virtue of practical wisdom requires the openness to receive each particular situation as it is, the theoretical knowledge and the experience to choose and apply the fitting means, and the excellence of character to define the right ends (cf., Arjoon 2008; Beabout 2012; Melé 2010).
Wisdom means practical wisdom, not scientific understanding.
