The modern division of philosophy into theoretical philosophy and practical philosophy has its origin in Aristotle's categories of natural philosophy and moral philosophy. The one has theory for its object, and the other practice.
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Speculative reason in the context of Practical reason
In philosophy, practical reason is the use of reason to decide how to act. It contrasts with theoretical reason, often called speculative reason, the use of reason to decide what to believe. For example, agents use practical reason to decide whether to build a telescope, but theoretical reason to decide which of two theories of light and optics is the best.