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The craft knowledge reading affords several interpretative advantages. For starters, it naturally explains why Socrates would use crafts as an analogy for virtue. It also helps explain how Socrates is both an exemplar of virtue, which is a kind of knowledge, and yet still ignorant: since knowledge comes in degrees, Socrates could be smarter than the average bear, but less than a divine being. In addition, thinking of knowledge as gradable explains why Socrates would exhort us 'to become as wise as possible'. If knowledge is an all-or-nothing achievement, then it becomes difficult to make sense of this favourite passage of Smith's. However, Socrates' search for the knowledge of virtue seems to be a search for the definition of virtue, and definitional knowledge seems to fit something like the propositional model better than the craft-like model. Based on the above passage, the following assumptions have been made: 1. Virtue and knowledge are not absolute states but exist on a spectrum. 2. There are multiple models for understanding the nature of knowledge. Which of the assumptions given above is/are correct?