108 ECONOMIC THEORY OF LEISURE CLASS
content. Whenever the Bohm-Bawerk theory, it appears,
resorts to individual motives as a basis for the derivation of
social phenomena, he is actually smuggling in the social con-
tent in a more or less disguised form in advance, so that the
entire construction becomes a vicious circle, a continuous
logical fallacy, a fallacy that can serve only specious ends,
and demonstrating in reality nothing more than the complete
barrenness of modern bourgeois theory. Thus, we have seen
in our analysis of his theory of prices, that of the six “de-
termining factors” in the formation of price, not a single one is
in reality well supported by Bohm-Bawerk. The B&hm-
Bawerk theory of value has been unable to explain the
phenomenon of prices. The peculiar fetishism of the Austrian
School, which provides its adherents with individualistic
blinders and thus shuts off from their view the dialectic re-
lation between phenomena—the social threads passing from
individual to individual and alone constituting man a “social
animal”—this fetishism precludes any possibility of their un-
derstanding the structure of modern society. The Marxian
School is still the only one capable of offering a solution to
this problem.