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In philosophy, practical reason is the use of reason to decide how to act. This contrasts with theoretical reason (often called speculative reason), which is the use of reason to decide what to follow.
Practical wisdom (Greek phronesis; sometimes translated âprudenceâ), says Aristotle, is âa. true and reasoned state of capacity to act with regard to the things that are good or bad. for manâ Nicomachean Ethics VI.5). So while practical wisdom involves knowledge of what. is good or bad, it is not merely theoretical knowledge, but a capacity to act on such. knowledge as well. This capacity requires. 1. a general conception of what is good or bad, which Aristotle relates to the conditions.