SOCIAL SCIENTIST The long queues of angry deposits-holders at the banks' doorsteps trying in vain to get back their disappearing savings, stumbled housewives deprived from bulk of their family budget by the sharp rise in prices not only of imported goods but also of domestic ones, unprecedented growth of opposition activity spread over all fractions of the State Duma illustrated the economic situation in early autumn 1998, which can be explained only by 'catastrophe theory'. Thus the monetarist policy of the Government has become fully discredited. At the same time the experiences of China, India, Viet-Nam, Byelorussia, Slovakia amply demonstrated existence of real ways of reforms, which can bring about growth of effectiveness of production, development of science, health, culture, growth of expectation of life. Taking into account the whole complexity of the problems Russia faces today, we suggest the alternative plan of urgent measures to heal the economy of the country. This is the plan, first, to save Russia from bankruptcy and then to put it on the strategic road of upgrading the national economy. This is the outline of some fundamentals to the common programme, which all the power structures are now trying to evolve. The world experience and the plethora of studies made by Russian and foreign scholars shows conclusively that elaboration and realization of anti-crisis measures should be based upon radical change of the present socio-economic course on the following principals: a) priority to development of the real sector of the economy, which is also the main constituent of the taxation base; b) strengthening of state regulation of the economy, first of all by establishing state monopoly over production and sale of alcohol arid tobacco, and by state control over pricing; c) relying mainly on domestic financial, material, labour and intellectual resources; d) effective management of state property; e) state control over natural monopolies; f) uplifting of level of living of the population based upon growth of the economy, allover development of social sectors, strengthening of defence, economic and political security, including eliminating food dependence upon imported supplies; g) systematic control of the Parliament over socio-economic development through scrutinizing of budget implementation.