Summary of Reputation Economics

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Reputation Economics book summary
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Rating

6 Overall

6 Importance

8 Innovation

4 Style

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.

In this summary, you will learn

  • What “reputation economics” entails,
  • How the Internet has revived the earliest models of exchange, and
  • How reputation economics could transform geopolitical entities and financial institutions.
 

About the Author

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

 

Summary

Old Ways and New Technologies
After millennia of gifting, barter and personal exchange, state-backed currency solved the logistical problems of money, time, comparable value and geographical distance. Hard money and expanding commerce increasingly intertwined. The power of floating currencies...

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