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Economizing on Virtue

The paper starts by describing a strong argument in favor of the “selfinterest hypothesis” that we find in economics. This argument argues that any realistic political theory should “economize on virtue”. The present paper criticizes this argument in two ways: first, supposing that people are exclusively motivated by self-interest can have (four) socially bad consequences. Second, the argument that realistic political theories need to economize on virtue can be turned against the self-interest hypothesis; such hypothesis is (in four ways) not realistic enough. The concluding part of the paper then suggests that an appropriate conception of political realism does not support the self-interest hypothesis.