Abstract

This paper discusses the idea, which arises within perfectionist theories of the good, that there can be special value in a well-rounded life, one that contains a balance of different intrinsic goods, e.g. knowledge and achievement, rather than specializing narrowly on just one. It uses the economists' device of indifference graphs to 1) formulate the view the well-roundedness is other things equal a good, and 2) to combine that view with empirical theses about the (at times) instrumental benefits and (at times) instrumental costs of trying to seek balance among goods. The upshot is that for most of us the best individual lives will involve moderate, but only moderate, specialization on one or a few types of intrinsic good.