The ''Technocracy Study Course'' is a

technocratic Technocracy is a form of government in which decision-makers appoint knowledge experts in specific domains to provide them with advice and guidance in various areas of their policy-making responsibilities. Technocracy follows largely in the tra ...

critique of the

price system In economics, a price system is a system through which the valuations of any forms of property (tangible or intangible) are determined. All societies use price systems in the allocation and exchange of resources as a consequence of scarcity. Eve ...

, written by

M. King Hubbert Marion King Hubbert (October 5, 1903 – October 11, 1989) was an American geologist and geophysicist. He worked at the Shell research lab in Houston, Texas. He made several important contributions to geology, geophysics, and petroleum geolog ...

and first published in 1934. It is the ideological basis for the

Technocracy movement The technocracy movement was a social movement active in the United States and Canada in the 1930s which favored technocracy as a system of government over representative democracy and partisan (politics), partisan politics. Historians associate ...

, highlighting economic and social consequences of the capitalist

and suggests an alternative socioeconomic system based on physical laws and constraints.

References

{{reflist Capitalism Technocracy movement