I don't really like the name, but the concept sounds great...
http://anz.theoildrum.com/node/4808#more
Genesis of the Technocrats
M. King Hubbert joined the staff of Columbia University in 1931 and met Howard Scott, who had earlier founded a short-lived group of engineers and scientists called "The Technical Alliance". Hubbert and Scott co-founded Technocracy Incorporated in 1933, with Scott as leader and Hubbert as Secretary.
The Technocrats were influenced by figures such as Thorsten Veblen, author of "Engineers and the price system", and Frederick Soddy, winner of the Nobel Prize for chemistry in 1921 and author of "Wealth, Virtual Wealth and Debt" which looked at the role of energy in economic systems. Soddy criticized the focus on monetary flows in economics, arguing that “real†wealth was derived from the use of energy to transform materials into physical goods and services.
Technocracy
Technocracy is form of government which is administered by scientists and technical experts, resulting in a form of planned economy.
The Technocracy movement aimed to establish a zero growth, science based socio-economic system, based on ideas of conservation and abundance as opposed to the usual scarcity-based economic systems.
In a technocratic system, money is replaced with energy acounting, which records the amount of energy used to produce and distribute goods and services consumed by citizens in a Technate (Technocracy based society). The units of this accounting system are known as Energy Certificates.
Energy certificates are not saved or earned, but periodically distributed among the populace, with the number calculated by determining the total productive capacity of the technate and dividing it equally after infrastructure requirements are met. Certificates not used during a period expire.