The ''Technocracy Study Course'' is a technocratic 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. Even ...

, 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 concomitant partisan politics. Historians associate the mov ...

, 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