Reinterpreting Vernon Smith’s “Microeconomic Systems as an Experimental Science” as Model-View-Controller Software Architecture

Robert L. Mayo
Additional contact information
Robert L. Mayo: North Dakota State University, Richard H. Barry Hall 228, Fargo, ND 58105 USA

Economics and Applied Informatics, 2025, issue 1, 179-183

Abstract: Smith (1982) presented a model of microeconomic systems as information processing mechanisms consisting of an environment and set of institutions. As an information processing discipline, computer science has developed an analogous paradigm by dividing processing elements into functional units in Model-View-Controller software architecture. Comparison of these two models provides new perspectives on Smith’s microeconomic systems model and suggests an extension through the addition of an explicit information feedback mechanism.

Keywords: Model-View-Controller; Software architecture; Information processing; Microeconomic systems; Resource allocation theory (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://eia.feaa.ugal.ro/images/eia/2025_1/Robert_L_Mayo.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2025:i:1:p:179-183

DOI: 10.35219/eai15840409498

Access Statistics for this article

More articles in Economics and Applied Informatics from "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Gianina Mihai ().