In the global world, changes that strike our educational system, ocurr daily. In that matter, most of the traditional guidelines have been thrown away in order to strive new goals and methods, the external ones, which satisfy the constantly changing labor market. The purpose of an individual in that kind of a system is to adapt in order to satisfy its needs while Socrates searches for happiness inside a man itself- a man possesses knowledge and wisdom for himself and his own freedom, not others. With his method of dialect speech, he seeks his own truth and for others, and offers lots to think about. His teaching emphasizes love and desire for learning and true knowledge that leads to becoming an independent man inspires people for over 25 centurires and it should be taken into consideration when thinking about youth, younger generations and their future. In this paper, we are comparing and showing the differences in education today and the one in Socrates time. The changes through Bologna Declarationnare especially accented, so the directionality in the labor market makes the universities 4 entrepenurial centres. What does that mean for the knowledge economy we are thriving for? Can we even state that we really are the knowledge economy as we aspire the knowledge that is dictated by constantly changing labour market? We compare the knowledge to which we aspire with the knowledge which Socrates searches for and shows the disadvantages of today’s educational system. Here we offer Socrates ideas and opinions which lead to a possible progess to the genuine wisdom.