Final answer:
Components of wisdom include moral qualities like compassion and courage, understanding and scientific knowledge as per Aristotle, and critical thinking with epistemic humility. Wisdom is not only a virtue but also a practice that develops over time through habits.
Step-by-step explanation:
As cited in the textbook, components of wisdom encompass various moral qualities and virtues. Philosophers like Aristotle and Plato have weighed in on the subject, with Aristotle suggesting that wisdom comprises scientific knowledge and understanding, the latter involving the grasp of first principles. Wisdom is also seen through the lens of moral qualities such as compassion and courage, as well as the practice of critical thinking and recognition of the limitations of human knowledge, aka epistemic humility. Plato adds to the discussion by establishing wisdom as one of the foundational virtues alongside courage, discipline, and justice, particularly within the guardians of the state in his envisioned ideal city.
While exploring wisdom, it's important to consider the practical application highlighted in other sources, suggesting that wisdom and enlightenment are habits or practices, similar to how aspects of our life grow healthier through habits and not single moments of success. This underlines the dynamic nature of wisdom as a continual process of development.