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.