Does self-interest explain individuals' political views? Surprisingly, political science's standard answer is No. While self-interest occasionally plays a role, it poorly predicts both issue positions and voting behavior.
Unlike most economists, I strongly endorse political scientists' consensus. Their research doesn't just look solid. I've also personally played with the data for over a thousand hours, confirming that their basic approach is correct. When I teach this material, I make my graduate students hunt for counter-examples - exceptional cases where self-interest ishighly predictive of political views. Most return from this quest empty-handed, or nearly so.
Jason Weedon and Robert Kurzban's new The Hidden Agenda of the Political Mind: How Self-Interest Shapes Our Opinions and Why We Won't Admit It (Princeton University Press, 2014) frontally attack the academic consensus against political self-interest. Since they charmingly paint me as a leading voice in this consensus, it is in my self-interest for their book to be widely-read. Unfortunately, Weedon and Kurzban are basically high-brow conspiracy theorists. They trumpet a strong, incredible thesis, then "interpret" virtually every fact to fit it...
Econlog
Conspiracy Theory: The Hidden Agenda of the Political Mind
Conspiracy Theory: The Hidden Agenda of the Political Mind
Bryan Caplan | Professor of Economics, George Mason University