Technocrats  

Ugo at Cassandra's Legacy has a post contrasting the old style scientist / engineer technocrats like M King Hubbert with the modern version - neoliberal economists like new Italian leader Mario Monti - Technocrats.

Marion King Hubbert had foreseen many things correctly in his career, mainly about oil production. But he had also joined a group called the "technocrats" who proposed that technical experts should run governments. Maybe he was right also in this prediction, as the recent events in Italy may indicate.

Professor Mario Monti has been appointed by the President of the Republic as the new head of the Italian Government, replacing the democratically elected, but disastrous, Silvio Berlusconi. I am not sure of whether Mr. Monti likes to be defined as a "technocrat," but the term fits his present job very well. Is this the start of a new trend? It is too early to say but, who knows?