Summary of Reputation Economics

Why Who You Know Is Worth More Than What You Have

Palgrave Macmillan, more...

Buy the book

Reputation Economics book summary
Imagine a world without banks or money, in which giving things away makes everyone richer.

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
  • How reputation economics could transform geopolitical entities and financial institutions
 

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...
Get the key points from this book in less than 10 minutes. Learn more about our products or log in

About the Author

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


Comment on this summary

More on this topic

Contained in Knowledge Pack:

Customers who read this summary also read

More by category