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Reputation Economics
Book

Reputation Economics

Why Who You Know Is Worth More Than What You Have

Palgrave Macmillan, 2013 more...


Editorial Rating

6

Qualities

  • Innovative

Recommendation

Technology expert and futurist Joshua Klein speculates on the economic impact of the Internet. He conceives an economic world where reputation plays a part in every exchange; web-based commerce circumvents established institutions; and the Internet resurrects barter, gifting and personal relationships. And Klein’s not far off the mark: Crowdfunding, cloud computing and Bitcoin already exist. But his speculations that major geopolitical institutions will collapse under reputation-heavy innovators seem far-fetched, and his arguments suffer from his blog-like format, wandering style and shortage of empirical evidence. Nonetheless, getAbstract sees valuable insights and imagination in Klein’s iconoclastic projections and recommends them to economists, executives and futurists.

Take-Aways

  • “Reputation economics” incorporates ethics and values in its commercial transactions.
  • In a reputation economy, exchanges involve more than currency.
  • Using the Internet as its platform, reputation economics revives the earliest forms of exchange, including barter, gifting and personal relationships.

About the Author

Technology expert and former National Geographic television host Joshua Klein writes and consults on innovation and network value.


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