The article resituates critical realism within critical theory and proposes a tripartite articulation of British critical realism, German critical theory and French anti-utilitarianism. It suggests that the critique of positivism has to be enhanced with a critique of utilitarianism and makes the case that both critiques have to be grounded in a hermeneutic approach to social life. By taking the symbolic constitution of the world seriously, critical realist hermeneutics offers a via media between naturalism and anti-naturalism, explanation and interpretation, universalism and relativism, materialism and idealism, realism and constructivism.