Disputes with socialism soon went beyond the labor theory of value and brought the “socialist state” into question in many respects. Böhm-Bawerk, for example, regarded interest as an economic category wholly independent of the social system; interest would exist even in the “socialist state” (Böhm-Bawerk 1891/1930, pp. 365–371). Wieser criticized socialist writers for their inadequate teaching of value’s role in the socialist state. He came to the conclusion that “not for one day could the [socialist] economic state of the future be administered according to any such reading of value.” For Wieser, “in the socialist theory of value pretty nearly everything is wrong” (cf. Wieser 1889/1893, pp. 64–66). Johann von Komorzynski extended the analysis to political science: he distinguished between a “true,” “philanthropic socialism,” and a “delusory socialism” aimed purely at class interests (Komorzynski 1893).
--Eugen Maria Schulak and Herbert Unterköfler, The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions, trans. Arlene Oost-Zinner (Auburn, AL: Ludwig von Mises Institute, 2011), 91-92.
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