I personally found it a somewhat boring read. Content of the story is mostly in the form of infodump - a character lecturing another one, plus description of author's idea of a utopia.
Story summary.In far future, human empire extends to tens of thousands of planets in galaxy, has some interactions with alien empires, & it is a fairly static society with thought conditioning of populace to ensure they don't think inconvenient thoughts.
And the "psychotechnological" ruling elite conduct laboratory experiments on humans, as one would on rats: dump a couple of thousand men, matching some profile, with their memories wiped out, into some experimental environment, & observe their behavior!
One such experiment has been going on for 1500 years on "Station Seventeen": a virgin earth-like world, complete with a moon, seeded with a few thousand geniuses. And the experiment didn't turn out the way the experimenters expected...
Fact sheet.First published: Astounding, December 1948.
Download MP3 of an old time radio drama based on this story titled "Planet of Geniuses". [via SFFaudio]
Related: Stories of Poul Anderson.