Home > Terms > English, UK (UE) > reputation economy
reputation economy
A system whereby a person's reputation is used to determine their economic advantages. It is hypothesized that humanity could move towards such a system when scarcity of resources is eliminated and most goods are available for free. In this situation, regular money becomes worthless and so a new system of value would need to be introduced.
Having a poor reputation would exclude you from certain actions, such as eating at a high-class restaurant, whereas having a great reputation would allow you to run businesses or travel the world. This incentivizes altruistic acts and is supposed to make the world a better place for all.
Other Languages:
Member comments
Terms in the News
Featured Terms
Toshi Sukama
Famous sushi chef and owner of Kaygetsu, a Japanese restaurant and sushi bar. Toshi Sukama was friends with Steve Jobs, the ex CEO of Apple, Inc., and ...
Contributor
Featured blossaries
farooq92
0
Terms
47
Blossaries
3
Followers
Most Expensive Accidents in History
Browers Terms By Category
- Printers(127)
- Fax machines(71)
- Copiers(48)
- Office supplies(22)
- Scanners(9)
- Projectors(3)
Office equipment(281) Terms
- Software engineering(1411)
- Productivity software(925)
- Unicode standard(481)
- Workstations(445)
- Computer hardware(191)
- Desktop PC(183)
Computer(4168) Terms
- Advertising(244)
- Event(2)
Marketing(246) Terms
- Economics(2399)
- International economics(1257)
- International trade(355)
- Forex(77)
- Ecommerce(21)
- Economic standardization(2)
Economy(4111) Terms
- General law(5868)
- Courts(823)
- Patent & trademark(449)
- DNA forensics(434)
- Family law(220)
- Legal aid (criminal)(82)