Rules often fail us. Incentives often backfire. But practical, everyday wisdom will help rebuild our world.  Barry Schwartz, a well-known psychologist currently studying the concept of “wisdom,” makes this powerful argument in his speech at last week’s TED conference in LA.

The conference is a melting pot for leaders who innovate ways to better the world and engage the challenges we face.

Also check out Bill Gates’ presentation on the importance of extraordinary teachers and how just one such teacher can help shape our future.