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
Improved clinch knot
A simple yet very strong knot for tying hooks and lures to fishing line that is most often used by anglers. Being quick and easy to tie are the main ...
Contributor
Featured blossaries
Browers Terms By Category
- Gardening(1753)
- Outdoor decorations(23)
- Patio & lawn(6)
- Gardening devices(6)
- BBQ(1)
- Gardening supplies(1)
Garden(1790) Terms
- Conferences(3667)
- Event planning(177)
- Exhibition(1)
Convention(3845) Terms
- Film titles(41)
- Film studies(26)
- Filmmaking(17)
- Film types(13)
Cinema(97) Terms
- Cables & wires(2)
- Fiber optic equipment(1)
Telecom equipment(3) Terms
- General art history(577)
- Visual arts(575)
- Renaissance(22)