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.

This is auto-generated content. You can help to improve it.
0
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Economy
  • Category: Economics
  • Company:
  • Product:
  • Acronym-Abbreviation:
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Sysop02
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Footwear Category: Childrens shoes

Synthetic materials

Materials other than genuine leather, which are designed to look or function like leather

Contributor

Featured blossaries

Skate Boarding

Category: Arts   1 8 Terms

Práctica 6. Tech

Category: Business   1 10 Terms