diff --git a/aguaclara/core/cache.py b/aguaclara/core/cache.py
new file mode 100644
index 00000000..28ade853
--- /dev/null
+++ b/aguaclara/core/cache.py
@@ -0,0 +1,54 @@
+# The cache decorator does not support objects nested within datastructures or other objects. It is quite limited
+# because the hash function is limited. This could be revisited and we could use a serialization library like Pickle
+# if this proved to be an issue (which it most likely will when we get more complex classes)
+
+import collections
+import warnings
+
+# The cache has key=(function name , parameter serialization) and value=
+__ac_cache__ = {}
+
+
+def ac_cache(method):
+    def _cache(*args, **kw):
+        global __cache__
+        param_list = [args, kw]
+        params_key = tuple([method.__name__, ac_hash(param_list)])
+        try:
+            value = __ac_cache__[params_key]
+        except KeyError:
+            value = method(*args, **kw)
+            __ac_cache__[params_key] = value
+
+        return value
+
+    # Attempt to hash any object
+    def ac_hash(hashable_object):
+        if is_simple_hashable(hashable_object):
+            a_hash = repr(hashable_object)
+        elif isinstance(hashable_object, HashableObject):
+            a_hash = hashable_object.ac_hash()
+        elif isinstance(hashable_object, collections.Iterable):
+            a_hash = ac_hash_iterable_into_tuple(hashable_object)
+        else:
+            a_hash = repr(hashable_object)
+            warnings.warn("Using repr() to make a hash of {}. Please consider inheriting HashableObject class as repr "
+                          "will not guarantee replicable hashing and can result in bad cache returns.".format(
+                repr(hashable_object)), Warning, stacklevel=2)
+        return a_hash
+
+    def ac_hash_iterable_into_tuple(hashable_object_list):
+        hash_tuple = ()
+        for hashable_object in hashable_object_list:
+            hash_tuple += (ac_hash(hashable_object),)
+        return hash_tuple
+
+    primitive = (int, str, bool, ...)
+    def is_simple_hashable(thing):
+        return type(thing) in primitive
+
+    return _cache
+
+class HashableObject:
+    def ac_hash(self):
+        return tuple(sorted(self.__dict__.items()))
\ No newline at end of file
diff --git a/tests/core/test_cache.py b/tests/core/test_cache.py
new file mode 100644
index 00000000..46284789
--- /dev/null
+++ b/tests/core/test_cache.py
@@ -0,0 +1,62 @@
+from aguaclara.core.cache import ac_cache, HashableObject
+
+
+class ComputedObject(HashableObject):
+    def __init__(self):
+        self.a = 2
+        self.b = 3
+        self.c = 4
+
+    @property
+    @ac_cache
+    def product(self):
+        increment_n_calls()
+        return self.a * self.b * self.c
+
+    @property
+    @ac_cache
+    def sum(self):
+        increment_n_calls()
+        return self.a + self.b + self.c
+
+    @ac_cache
+    def sum_with_arg(self, my_arg):
+        increment_n_calls()
+        return self.sum + my_arg
+
+    @ac_cache
+    def sum_with_kwarg(self, my_arg=10):
+        increment_n_calls()
+        return self.sum + my_arg
+
+
+# Keep track of the total number of calls
+side_effect_n_calls = 0
+
+
+def increment_n_calls():
+    global side_effect_n_calls
+    side_effect_n_calls = side_effect_n_calls +1
+
+
+def test_ac_cache():
+    my_computed_object = ComputedObject()
+    assert 24 == my_computed_object.product
+    assert 1 == side_effect_n_calls
+    assert 9 == my_computed_object.sum
+    assert 2 == side_effect_n_calls
+    assert 9 == my_computed_object.sum
+    assert 2 == side_effect_n_calls
+    my_computed_object.a=3
+    assert 36 == my_computed_object.product
+    assert 3 == side_effect_n_calls
+    assert 10 == my_computed_object.sum
+    assert 4 == side_effect_n_calls
+    assert 15 == my_computed_object.sum_with_arg(5)
+    assert 5 == side_effect_n_calls
+    assert 20 == my_computed_object.sum_with_kwarg()
+    assert 6 == side_effect_n_calls
+    assert 20 == my_computed_object.sum_with_kwarg()
+    assert 6 == side_effect_n_calls
+    assert 25 == my_computed_object.sum_with_kwarg(my_arg=15)
+    assert 7 == side_effect_n_calls