- The definition of conventional wisdom refers to something that is widely accepted as true or correct or proper.
An example of conventional wisdom is the idea that if you work hard you will succeed.
conventional wisdom definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
the generally accepted belief with regard to some matter, or the set of beliefs held by most people
conventional wisdom - Phrases/Idioms
A widely held belief on which most people act. For example, According to conventional wisdom, an incumbent nearly always wins more votes than a new candidate. This term was invented by John Kenneth Galbraith, who used it in The Affluent Society (1958) to describe economic ideas that are familiar, predictable, and therefore accepted by the general public. Today it is used in any context where public opinion has considerable influence on the course of events.