Aristotle disagreed with Plato on this. Heroism is a virtue, for example, saving lives which one values. Virtue ethics is currently one of three major approaches in normative ethics. In the middle of those two vices lies the virtue. The term 'Knowledge is virtue and ignorance is vice' basically answers the questions of what knowledge is to Socrates and why he thinks it plays such an important role if explained a little further. He said that all virtues have two vices, or extremes: the vice of deficiency (too little) and the vice of excess (too much). The application of knowledge is not the same as the concept of knowledge itself, however, Socrates argument was based on the statement that knowledge of a perceived good for the self is required to be able to do good. Hard work is a virtue which gains the value of either wages paid to you, or a thing you wanted to build such as a house, a car, a painting, etc. He emphasised that virtue is knowledge and those who have the knowledge of the Idea of Good are meant to be the rulers. Go in peace and be whole at thy place.” The thing that intrigues me is the word virtue. “Virtue Is Knowledge is an extraordinary accomplishment: suffused with insight, gracefully written, and powerfully argued. The Socrates in the early dialogues of Plato is more plausibly the real Socrates than the Socrates in the later dialogues of Plato. And He said unto her, “Daughter, thy faith hath made thee whole. Knowledge of the nature of virtue, in other words, is the necessary and sufficient condition for one to become virtuous. It will challenge much of the received wisdom about the meaning of the Socratic ‘paradox’ and set down important signposts for students of Socrates who wish to understand the full dimensions of his defense of philosophy and its significance for moral and political life. He didn't say virtue was knowledge. This explains why Socrates went about conversing with his fellow Athenians, always in search of the definition, or essence, of a specific virtue. Virtue is [requires] a kind of knowledge that he called practical wisdom. It is suspected that Socrates is merely a character in much of Plato’s later … Essentially, Aristotle argues that virtue is achieved by maintaining the Mean, which is the balance between two excesses. Because of the importance that Plato gave to education in realising the Ideal State , came Rousseau’s comment that Plato’s Republic was the finest treatise ever written on education. By saying 'knowledge is virtue' he is talking about a certain kind of knowledge, namely moral knowledge. He said it required knowledge to know what a virtue was. He stated that virtue is knowledge. Aristotle applied the same patient, careful, descriptive approach to his examination of moral philosophy in the Εθικη Νικομαχοι (Nicomachean Ethics).Here he discussed the conditions under which moral responsibility may be ascribed to individual agents, the nature of the virtues and vices involved in moral evaluation, and the methods of achieving happiness in human life. Virtue is knowledge has a different meaning than Knowledge is (a) virtue. He said that virtue is a skill, a way of living, and that’s something that really can only be learned through experience. Maybe it is an archaic word, used in the times of the King James translators as a synonym for power, but today the word virtue has to do with things ethical and moral. 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