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1.
Practical wisdom, from the Greek praxis (practical) and -sophy (wisdom).
Socrates: "We don't need some fancy theory that gets us no where..."

Plato: "...and we don't need some cheap bromide that says nothing."

Aristotle: "Right! What we really need now is a good dose of PraXophy!"
by FoamFan December 18, 2012