Two ideas have been linked in human thought for millenia: age and wisdom. Until now, no one has questioned their close relationship. A myth common to all humanity is that of the wisdom of the elder, which certainly answers a human need for security. It is also an intellectual response to observation based on experience. So why does one call this “myth”? One means here by myth a concept or idea which, having been given value by a group, a society, or indeed, humanity, guides their attitudes and behaviour. It appears that old age is a condition attached to the notion of wisdom by human agreement. This determines the attitude of the individual toward himself and his environment —his conduct, motivation and life-style. At first glance, wisdom would seem to be compounded from a lifetime's observation and experience. Thus the biological factor of longevity is the basis of wisdom. Other psychological, intellectual and moral phenomena are balanced on this physical structure. It remains to be seen if today the myth of age as symbol of wisdom can maintain its integrity in the midst of socioeconomic and political transformations, in a world of expanding scientific knowledge and in an age of mass communication. What are the consequences in a changing world for values based on longevity and experience?