Barry Schwartz: Practical Wisdom | TED

Practical wisdom, Aristotle told us, is the combination of moral will and moral skill. ...

Any incentive system can be subverted by bad will. We need incentives. People need to be able to make a living. But excessive reliance on incentives demoralizes professional activity. ... It causes people who engage in that activity to lose morale, and it causes that activity to lose morality.