Purpose – This paper aims to look at the development of economic theory into what Aristotle called a “theoretical science” and the subsequent rejection of practical wisdom. Since business education is largely based on economic theory, this has an effect on management and other business...

Purpose – Current mainstream management theory is based on incomplete assumptions regarding the nature of human beings and human action, leading to damaging practical results. This paper aims to draw on personalism for the formulation of better assumptions for theory....

Purpose – Acting in complex and paradoxical situations cannot be taught through recipes. This article rereads a seminal Biblical text, the Decalogue, and seeks to place it in the actual context for people confronted with difficult decisions and actions. If foundational texts are not...

Purpose – The aim of this paper is to show the connection between spiritual capital and practical wisdom with moral virtue as the link of both concepts. Design/methodology/approach – The concept of spiritual capital will be explained using the well known concept of social capital and...