The recent Carnegie report (Colby, et al., 2011) characterizes the goal of business education as the development of practical wisdom. In this chapter, the authors reframe Scharmer's Theory U as an attempt to develop practical wisdom by applying certain European philosophical concepts. Specifically, they trace a genealogy of social sculpture, Schwungspiel, poetic creation, and spiritual science, and suggest that Scharmer's work integrates these concepts into a pragmatic pedagogy that has implications for business practice as well as business education.