Marxian Meritocracy: A Development Alternative of Econometrics

This analysis examines economic collectivization, which is one of the problems in modern economic studies, and reconstruction efforts through a Marxian economic approach with an emphasis on meritocracy. This analysis highlights criticism of modern economic approaches which tend to be abstract, ignore practical aspects of economics, and ignore social problems. The Marxian economic approach is seen as an alternative that prioritizes use-value in economics rather than simply exchange-value. Through Marxian meritocracy, it is hoped that collaboration between econometrics analysts and human resources can produce more relevant economic analysis, consider forgotten social aspects, and support sustainable economic collectivization.