> 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.
> Algorithms that manage processor time and storage in ways that enable both conventional computation and market-based decision making will be useful in establishing agoric systems: they lie at the boundary between design and evolution. Algorithms are described in detail.
> This comparison suggests that a form of ecosystem here termed a direct market (as opposed to the indirect market of human society) is a promising basis for computational ecosystems.
In 1988. Very cool.
> Algorithms that manage processor time and storage in ways that enable both conventional computation and market-based decision making will be useful in establishing agoric systems: they lie at the boundary between design and evolution. Algorithms are described in detail.
> This comparison suggests that a form of ecosystem here termed a direct market (as opposed to the indirect market of human society) is a promising basis for computational ecosystems.
In 1988. Very cool.
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