Akademik

timocracy
n. (pl. -ies)
1 a form of government in which possession of property is required in order to hold office.
2 a form of government in which rulers are motivated by love of honour.
Derivatives:
timocratic adj.
Etymology: OF timocracie f. med.L timocratia f. Gk timokratia f. time honour, worth + kratia -CRACY

Useful english dictionary. 2012.