of Marxian Socialism has been destroyed and that the whole structure is about to tumble down on the heads of its crazy defenders, the Socialists. It is much to be regretted that many so-called Socialists are found foolish enough to play into the hands of the Capitalists by joining in the silly cry that some pigmy in political economy has overthrown the Marxian theory of Value. I suppose these so-called Socialists are actuated by a mad desire to be up to date, to keep up with the intellectual band-wagon. Revolutions in the various sciences have been going on so rapidly, they fancy that a theory that was formulated forty years ago must be a back-number, and so they hasten to declare their allegiance to the last new cloud of sophistry, purporting to be a theory of value, that has been evolved by the feeble minds of the anarchists of Italy or the capitalist economists of Austria. The Fabians of London are the most striking example of these socialists whose heads have been turned in this way by the rapid progress of science. But the followers of Bernstein in Europe and this country are running into the same danger and in their eagerness to grasp the very newest and latest doctrine will fall easy victims of the first windy and pretentious fakir
