Kenneth Boulding is a professor of Economics at the University of Colorado. In one of the many books he has written, "Reconstruction of Economics", he attempted to reconstruct economics around the concepts of the balance sheet rather than the income statement. This emphasized the importance of possible alternative balance sheet structures.
According to Boulding, this concept is crucial to understanding the future of capitalism, which exists because of the existence of profits. His economic philosophy is characterized by the strong belief in the integration of the social sciences, which includes economics. "Human knowledge has an essential unity which is, ...characterized by great diversity of methodologies of learning and testing, and that our images of value are just as much part of this unity as our images of what we think of as fact."
Boulding also emphasized the importance of households and their general neglect by the economics profession.