• marcos@lemmy.world
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      4 months ago

      In that it’s an outdated economics theory… In fact, it was outdated when it was first published already.

        • marcos@lemmy.world
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          4 months ago

          In that it ignored the previous half a century of (well tested) advances on the area and just made claims that were already known not to hold on the real world.

          • Cowbee [he/they]@lemmy.ml
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            4 months ago

            Can you for one second elaborate on anything you’re saying? What did Marx ignore, and what doesn’t hold in the real world?

            • marcos@lemmy.world
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              4 months ago

              For example, the entire labor theory of value doesn’t hold up on the real world and Economics had already better explanations for the phenomenon it was trying to explain.