Historia y diversidad. Un ensayo de filosofía económica

Juan Urrutia
Additional contact information
Juan Urrutia: Universidad Carlos III de Madrid

EKONOMIAZ. Revista vasca de Economía, 1996, vol. 35, issue 02, 136-145

Abstract: This article examines the philosophical implications of the use of some recent ideas in the Game Theory to the problem of the Autonomy of a Central Bank. The fact that the Autonomy of the Central Bank is not the only possible solution to the problem of the inflationary bias in an economic policy game between Government and Unions is expounded in the substantive part of the article. This inflationary bias may also disappear i) either because rationality, unlimited as it is, is not a matter of common knowledge within a dynamic version (in virtual time) of the game, ii) or because in an evolutionary version in real time (with a small limit attributed to rationality), the equilibrium of the game may not coincide with the Nash equilibrium. A philosophical reading of this problem, or other similar problems, allow us to appreciate the fact that Diversity is not contrary to the Universality of reason and that History may conform a legitimate explanation.

Keywords: Teoría de juegos; inflación; equilibrio; pensamiento económico (search for similar items in EconPapers)
JEL-codes: C7 E31 E58 R13 (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.ogasun.ejgv.euskadi.eus/r51-k86aekon/es ... publ=30&registro=423 complete text (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:ekz:ekonoz:1996206

Ordering information: This journal article can be ordered from
Dpto. de Hacienda y Finanzas, Gobierno Vasco, C/Donostia-San Sebastián, 1, 01010 Vitoria-Gasteiz, Spain

Access Statistics for this article

More articles in EKONOMIAZ. Revista vasca de Economía from Gobierno Vasco / Eusko Jaurlaritza / Basque Government Contact information at EDIRC.
Bibliographic data for series maintained by Iñaki Treviño ().