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
South Sudan
On January 6, 2005, South Sudan became an autonomous region of the Republic of Sudan. On July 9, 2011, this southern region of Sudan will become its ...
Contributor
Featured blossaries
Amoke
0
Terms
10
Blossaries
0
Followers
The National Park of American Samoa
Browers Terms By Category
- Legal documentation(5)
- Technical publications(1)
- Marketing documentation(1)
Documentation(7) Terms
- Wedding gowns(129)
- Wedding cake(34)
- Grooms(34)
- Wedding florals(25)
- Royal wedding(21)
- Honeymoons(5)
Weddings(254) Terms
- Ceramics(605)
- Fine art(254)
- Sculpture(239)
- Modern art(176)
- Oil painting(114)
- Beadwork(40)
Arts & crafts(1468) Terms
- Hair salons(194)
- Laundry facilities(15)
- Vetinary care(12)
- Death care products(3)
- Gyms(1)
- Portrait photography(1)
Consumer services(226) Terms
- Wine bottles(1)
- Soft drink bottles(1)
- Beer bottles(1)