Reputation Economy

Seamus McCauley, describes the repuational economy as "people doing work for reputational rather than financial gain." (Google "Reputation Economy")

It's the new economy's attempt to replace traditional reputational systems with new ones. Social networks have become the new reputation vendors. McCauley says it's the end-result of the fact that there are more tools available but it's also related to companies rewarding with titles rather than money because they don't have much money and are unsure about raising salaries or their cheap (my interpretation) and the trend for companies to refuse to give references beyond, "yes, she worked here" for fear of being sued.

If you're interested in this, check Virtual.com and google "Reputation Economy." There's a ton of stuff out there. And post a comment. I'd like to know what you think.

Entrepreneurship informs all of my activities. For entrepreneurial real estate go to www.yourstopforrealestate.com/blog and for entrepreneurial writing, to www.kearneymusicschoolmurders.com