Previous   Parent   no link   

(1988 Miller & Drexler) Market mechanisms as a framework for open computational systems

Like all systems involving goals, resources, and actions, computation can be viewed in economic terms. This paper examines markets as a model for computation and proposes a framework — agoric systems — for applying the power of market mechanisms to the software domain. It then explores the consequences of this model and outlines initial market strategies.

With link to full text:

Miller MS, Drexler KE. (1988) “Markets and Computation: Agoric Open Systems” in The Ecology of Computation, Huberman, B, editor, Amsterdam: Elsevier Science Publishers, B.V.