token economy

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noun Psychiatry.

a method of encouraging desirable behavior, especially in a hospital setting, by offering rewards of token money that can be exchanged for special food, access to television, and other bonuses.

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Origin of token economy

First recorded in 1965–70

Words nearby token economy

tokay, toke, Tokelau, Tokelau Islands, token, token economy, tokenism, token money, token payment, token strike, token vote

How to use token economy in a sentence

There are bright spots in the token economy, including Tezos, which raised over $200 million in 2017 and, despite early controversies, has built a popular network for smart contracts.
Are blockchain companies cursed with too much cash?|Jeff|August 19, 2020|Fortune
Unlike the Soviet Union at a certain period in history, the Russian economy does not hold a candle to that of the United States.
Oliver Stone’s Latest Dictator Suckup|James Kirchick|January 5, 2015|DAILY BEAST
Nothing in it was meant to change the basic operations of the capitalist economy or to intervene aggressively in class relations.
Thank Congress, Not LBJ for Great Society|Julian Zelizer, Scott Porch|January 4, 2015|DAILY BEAST
The economy has begun to add jobs, but the quality of those jobs is an increasing concern.
Christie Blames Parents for Bad Economy|Monica Potts|January 3, 2015|DAILY BEAST

But, but … there was a token black girl in the background, Target cried in its defense!
One Vogue Cover Doesn’t Solve Fashion’s Big Race Problem|Danielle Belton|January 2, 2015|DAILY BEAST
Sometimes a column has the economy and rhythm of a short story.
The Best Columns of 2014|John Avlon, Errol Louis|December 31, 2014|DAILY BEAST
He wrote on law, medical jurisprudence and political economy, and translated Justinian and Broussais.
The Every Day Book of History and Chronology|Joel Munsell
I have been admonished and instructed by the systematic economy which is practiced even in great houses.
Glances at Europe|Horace Greeley
Economy with the good old soul was a cardinal virtue, waste a deadly sin.
Fifty Years of Railway Life in England, Scotland and Ireland|Joseph Tatlow
He published several volumes on political economy, and was much interested in statistics.
The Every Day Book of History and Chronology|Joel Munsell
The economy of heat in smelting furnaces and in the arated steam-engine were bold means to large results.
Life of Richard Trevithick, Volume II (of 2)|Francis Trevithick

British Dictionary definitions for token economy

token economy

noun

a type of psychotherapy in which the inmates of an institution are rewarded for good behaviour with tokens that can be exchanged for privileges

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012