Laszlo Zsolnai was keynote speaker at conference “Responsibility in Ecopnomics – The Legacy of E.F. Schumacher” in 22-23 September 2011, in Antwerp, Belgium. His presentation was entitled “The Importnce of Meta-economics”. Meta-economics is the basic assumptions about the subject-matter, value-orientation and methodology of economics. Zsolnai’s paper reconstructs the meta-economic foundation of mainstream economics and that of alternative economics initiated by E.F. Schumacher. It shows how the emerging alternative economics transcends the erroneous meta-economic assumptions of mainstream economics by considering the total economic process, choosing sustainable livelihood as basic value-orientation, and employing a constructive methodology.