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Philosopher Nicholas Maxwell argues that universities today are founded on a philosophy of knowledge that is too narrowly focused on solving the technical problems of specialized academic disciplines. Maxwell believes that the foundation for the university should be a new type of inquiry that would have as its aim the improvement of not only knowledge but personal and global wisdom-a type of inquiry that would help us address the larger, complex problems that threaten our society. The authors agree with Maxwell but submit that the university has already begun a transformation to the philosophy of wisdom. As evidence of this organizational transition, current debates within the academy which relate to the components of wisdom are analyzed. A model for the development of wisdom is presented and its stages compared to the historical development of the university. The authors argue that universities should both exemplify and foster wisdom. Instructional implications of the philosophy of wisdom are explored.