Discipline: Political Science
Theory of historical and political events and structures.
Political or historical developments are determined by the underlying economic system, or by the distribution of power over economic resources. The most familiar theory to which this term is applied is Marxism, though it is applied by critics (rather than claimed by supporters) who deny that the relationship between economic and other structures or events is so simple.
Jon Elster, An Introduction to Karl Marx (Cambridge, 1986)