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Technocracy Study Course
The ''Technocracy Study Course'' is a technocratic critique of the price system, written by M. King Hubbert and first published in 1934. It is the ideological basis for the Technocracy movement, highlighting economic and social consequences of the capitalist 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 ... and suggests an alternative socioeconomic system based on physical laws and constraints. References {{reflist Capitalism Technocracy movement ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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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 movement with engineer Howard Scott's Technical Alliance and Technocracy Incorporated, prior to the internal factionalism that dissolved the latter organization during the Second World War. Technocracy was ultimately overshadowed by other proposals for dealing with the crisis of the Great Depression. The technocracy movement proposed replacing partisan politicians and business people with scientists and engineers who had the technical expertise to manage the economy. But the movement did not fully aspire to scientocracy.Peter J. TaylorTechnocratic Optimism, H.T. Odum, and the Partial Transformation of Ecological Metaphor after World War II''Journal of the History of Biology'', Vol. 21, No. 2, June 1988, p. 213. The movement was committed to ...
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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 in a barter system with no money, price systems are still utilized in the determination of exchange ratios (relative valuations) between the properties being exchanged. A price system may be either a regulated price system (such as a fixed price system) where prices are administered by an authority, or it may be a free price system (such as a market system) where prices are left to float "freely" as determined by supply and demand without the intervention of an authority. A mixed price system involves a combination of both regulated and free price systems. History Price systems have been around as long as there has been economic exchanges. The price system has transformed into the system of global capitalism that is present in t ...
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Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include ''laissez-faire'' or free-market capitalism, anarcho-capitalism, state capitalism and welfare capitalism. Different forms of capitalism feature varying ...
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