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

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Law enforcement Category: Terrorism

Underwear bomb

An improvised explosive device built by sewing explosives inside the underwear fabrics. It is designed to evade airport metal detectors as it doesn't ...

Contributor

Featured blossaries

Halloween

Category: Culture   8 3 Terms

Greatest amusement parks

Category: Entertainment   1 1 Terms