This note is a part of my Zettelkasten. What is below might not be complete or accurate. It is also likely to change often.
16th July, 2020

Moral Economy

Moral Economy is an economy based on value of goodness and moral values

  • Tribes and small villages operate using the moral economy (or used to till it was replaced by Market)
  • An advantage of the moral economy was its ability to detect, account for, reward or punish the many ways individual actions effect others.
  • It was able to reward those doing their fair share of contribution to the society and its individuals and punish slackers.
  • Moral economies failed when societies started opening up and trade began at scale, requiring you to interact and trade with people whos reputation dont know.