A fiasco like the Wall Street meltdown could have been mitigated or avoided if more people had acted on principles of practical wisdom, Barry Schwartz argues. Here he gives diagnosis and prescription for a society that has, in part, lost touch with wisdom.

Barry Schwartz is a professor at Swarthmore College and author of "The Paradox of Choice."

Loading more stuff…

Hmm…it looks like things are taking a while to load. Try again?

Loading videos…