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.
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.
Quite like Marxism.
In what manner?
In that it’s an outdated economics theory… In fact, it was outdated when it was first published already.
In what way?
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.
Can you for one second elaborate on anything you’re saying? What did Marx ignore, and what doesn’t hold in the real world?
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.
It certainly holds up better than whatever nonsense western economists peddle.
You should let China know ASAP 🤣