The present paper provides an integrative review of research on token reinforcement systems, organized in relation to basic behavioral functions and economic variables. This type of functional taxonomy provides a useful way to organize the literature, bringing order to a wide range of findings across species and settings, and revealing gaps in the research and areas especially ripe for analysis and application. Unlike standard translational research, based on a unidirectional model in which the analysis moves from laboratory to the applied realm, work in the area of token systems is best served by a bidirectional interplay between laboratory and applied research, where applied questions inspire research on basic mechanisms. When based on and contributing to an analysis, applied research on token economies can be on the leading edge of theoretical advances, helping set the scientific research agenda.