The Problem of Restructuring Modern Capitalism: The Road to a Unified Science of Positive and Social Economics

The process of perestroika, or restructuring, is necessary,not just for the socialist‐communist countries of the world, but for Western capitalist countries also. The social benefits and socially harmful aspects of modern capitalism are outlined and a new research programme to unify and integrate the science of economics is detailed. A Truth Table, a methodological instrument for orientation and clarification, is used to analyse the relationships between economics,sociology, psychology, ethics and political science. The changes necessary to restructure capitalism are diagnosed and some possible solutions are given.