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This article argues that the concept of wisdom in modern Christian theology, to be most effective, should draw on two dimensions of wisdom that are present within Hebrew Wisdom Literature. These are wisdom as careful observation of the world, and wisdom as participation in the presence of God in the world, the latter expressed in the personification of “Lady Wisdom.” These two aspects are reflected in the duality between practical wisdom (Aristotelian phronēsis) and sophia in Christian tradition, though for Christian theology participative wisdom will be engagement in the relational love of a triune God. This two-fold approach to wisdom illuminates doctrines of creation, the Trinity, and Christology, and produces a theology which aims to articulate the relation of God to the world in creation and redemption, while taking seriously the awareness in late modern culture of the dangers of a human self that attempts to dominate the world around it.