Isn't it time for our legislators to show sufficient wisdom and courage to abolish it now?
Central bankers and regulators, led by Alan Greenspan, had absorbed the underlying message of the traditional model; that market prices were the best judges of true value, that bubbles were thus unlikely to form and, crucially, that those who worked in the financial sector had sufficient wisdom and self-control to limit their risks, with the help of market pressure.
But it also needs sufficient wit, wisdom, energy and eloquence to inspire change beyond its time, perhaps beyond the imagination of its author.
One might argue that (WFK), the view that a wise person has extensive factual knowledge, was rejected only because it did not provide sufficient conditions for wisdom.
Additionally, it will be argued that what is lacking is a sufficient concept of "wisdom" regarding the multitude of different roles, functions, and ways-of-being of the intermediary.
There is an element of truth in this suggestion, but uncovering it requires drawing a crucial distinction: if Descartes limits the role of philosophy in determining specific moral rules, he nonetheless upholds the ancients' conception of philosophy as the search for a wisdom sufficient for happiness.
But is it sufficient to challenge conventional wisdom by demonstrating that Monet "relied extensively upon drafting in the development of his paintings," as the curators argue in the catalog?
In agreement with the ancients, he identifies the goal of philosophy with the attainment of a wisdom that is sufficient for happiness.
Socrates then approaches the wisdom-virtue question from another angle, that of acrasia (weakness of will, 351b-358d), seeking to show that there is a kind of wisdom that is sufficient for virtue.
In X.7 8, he argues that the happiest kind of life is that of a philosopher someone who exercises, over a long period of time, the virtue of theoretical wisdom, and has sufficient resources for doing so.
His aim was mental cheerfulness and the gift of wisdom, which he considered sufficient for happiness.
