Editors' note: Professor K. William Kapp died unexpectedly on 10th April 1976 whilst taking part in a seminar of the ‘Inter University’ at Dubrovnik, Yugoslavia. He was born on 27th October 1910 in Königsberg and studied economics and law in Berlin, Geneva and London. Between 1938 and 1965 he taught at several American and Asian universities, then from 1965 to 1975 he was full professor of political economy at the University of Basle. Among his most well known books are ‘History of Economic Thought’ (1949) with his wife Lore Kapp, ‘The Social Costs of Private Enterprise’ (1950), ‘Toward a Science of Man’ (1961) and ‘Hindu Culture, Economic Development and Economic Planning in India’ (1963). Several of his many articles appeared in ‘Kyklos’. University of Basel, Switzerland. Paper presented at the Symposium on Economics and Sociology: Towards an Integration, Faculteit der Economische Wetenschappen, Rijkuniversitaet, Groningen (Holland), Sept. 9-11, 1975.