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
Face transplant
A face transplant is a medical surgery that replaces all or parts of an individual's face. This surgery treats people with facial disfigurement due to ...
Contributor
Featured blossaries
Browers Terms By Category
- Wedding gowns(129)
- Wedding cake(34)
- Grooms(34)
- Wedding florals(25)
- Royal wedding(21)
- Honeymoons(5)
Weddings(254) Terms
- Clock(712)
- Calendar(26)
Chronometry(738) Terms
- General accounting(956)
- Auditing(714)
- Tax(314)
- Payroll(302)
- Property(1)
Accounting(2287) Terms
- Railroad(457)
- Train parts(12)
- Trains(2)