What limitation to Piketty’s critique of capitalism could Sala-i-Martin (2006) put forward? Explain.
Question
What limitation to Piketty’s critique of capitalism could Sala-i-Martin (2006) put forward? Explain.
Solution
Sala-i-Martin (2006) could put forward a limitation to Piketty's critique of capitalism by highlighting the potential flaws in Piketty's methodology or data analysis. Sala-i-Martin could argue that Piketty's conclusions are based on a limited sample size or that his data may not accurately represent the entire capitalist system. Additionally, Sala-i-Martin could question the assumptions made by Piketty in his analysis, suggesting that they may not accurately capture the complexities of capitalism. By pointing out these limitations, Sala-i-Martin could challenge the validity and generalizability of Piketty's critique of capitalism.
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