It is shown that Tikhonov regularization for an ill-posed operator equation Kx = y using a possibly unbounded regularizing operator L yields an order-optimal algorithm with respect to certain stability set when the regularization parameter is chosen according to Morozov's discrepancy principle. A more realistic error estimate is derived when the operators K and L are related to a Hilbert scale in a suitable manner. The result includes known error estimates for ordininary Tikhonov regularization and also estimates available under the Hilbert scales approach. © Heldermann Verlag.