LINDA WERTHEIMER, HOST:
Italy and Greece, two European countries mired in debt, are pinning their hopes on technocrats. It got us wondering, what exactly is a technocrat? For some answers, we first turned to former technocrat Ricardo Hausmann. He's an economist by trade and currently teaches at Harvard. But for a brief moment, starting in 1992...
RICARDO HAUSMANN: I was a, yeah, I was a minister of planning in the government of Venezuela.
WERTHEIMER: Hausmann left the post the following year. Politics, he says, has never been his calling.