 Although modern virtue ethics does not have to take a “neo-Aristotelian” or eudaimonist form (see section 2), almost any modern version still shows that its roots are in ancient Greek philosophy by the employment of three concepts derived from it. These are arête (excellence or virtue), phronesis (practical or moral wisdom) and eudaimonia (usually translated as happiness or flourishing). (See Annas 2011 for a short, clear, and authoritative account of all three.) We discuss the first two in the remainder of this section. Eudaimonia is discussed in connection with eudaimonist versions of virtue ethics in the next.