Toward the end of the Charmides, Socrates declares the search for temperance a ‘complete failure’ (175b2‐3). Despite this, commentators have suspected that the dialogue might contain an implicit answer about temperance. I propose a new interpretation: the dialogue implies that temperance is the knowledge of good and bad, when this knowledge is applied specifically to certain operations of the soul. This amounts to a kind of self‐knowledge; it also involves a kind of reflexivity, for it involves knowing about the value (...) of one's knowledge. This positive reading, more than any other, makes sense of the dialogue's dramatic and dialectic features. (shrink)