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 examining to what kind of persons we in common language ascribe it.

It is thought then to be the property of the Practically Wise man to be able to deliberate well respecting what is good and expedient for himself, not in any definite line, as what is conducive to health or strength, but what to living well. A proof of this is that we call men Wise in this or that, when they calculate well with a view to some good end in a case where there is no definite rule. And so, in a general way of speaking, the man who is good at deliberation will be Practically Wise. Now no man deliberates respecting things which cannot be otherwise than they are, nor such as lie not within the range of his own action: and so, since Knowledge requires strict demonstrative reasoning, of which Contingent matter does not admit (I say Contingent matter, because all matters of deliberation must be Contingent and deliberation cannot take place with respect to things which are Necessarily), Practical Wisdom cannot be Knowledge nor Art; nor the former, because what falls under the province of Doing must be Contingent; not the latter, because Doing and Making are different in kind.

It remains then that it must be “a state of mind true, conjoined with Reason, and apt to Do, having for its object those things which are good or bad for Man:” because of Making something beyond itself is always the object, but cannot be of Doing because the very well-doing is in itself an End.

For this reason we think Pericles and men of that stamp to be Practically Wise, because they can see what is good for themselves and for men in general, and we also think those to be such who are skilled in domestic management or civil government. In fact, this is the reason why we call the habit of perfected self-mastery by the name which in Greek it bears, etymologically signifying “that which preserves the Practical Wisdom:” for what it does preserve is the Notion I have mentioned, i.e. of one's own true interest.