Volume 10, Issue 1, 2011
Wisdom and the Good Life
Michael W. Small
Wisdom, Management and Moral Duty
A Greco-Roman Perspective
This paper applies Greco-Roman thinking about wisdom to contemporary business and management practice. The first section outlines the contexts in which Greek and Roman writers referred to wisdom and related terms. Hesiod, Aeschylus, Pericles, Demosthenes, Plato and Aristotle were concerned with sophia and phronésis. Cicero, Horace and Seneca referred to prudentia and sapientia. The second section consists of examples from contemporary business and management behaviour which ranged from the “cunning/clever to the intelligently wise”. Reference is made to current research highlighting concepts such as commonsense wisdom, conventional wisdom, contrarian wisdom and experienced based wisdom.