Who first introduced the concept of practical wisdom?

Doing the right thing can help individuals and institutions succeed, but knowing what that right thing is, is not always easy. In Practical Wisdom-. The Right Way to Do the Right Things, authors Barry Schwartz and Kenneth Sharpe say that it’s possible to develop the good judgment that helps people make the right decisions. It takes experience, failure and determination. The concept of practical wisdom comes from Aristotle. Coauthor Barry Schwartz explains that the ancient Greek philosopher made two arguments about behaviour.