On the other hand Dialectic materialism is rather associated with Marxism and in particular Stalinism, than with marxist theory. Dialectics in marxist theory (i.e. materialist dialectics or marxist dialectics) is rather seen as a historical next step after Hegelian dialectic. Historical materialism is also associated with Marxism, rather than marxist theory.
Marxism is the political practice and or social theory based on the works of Karl Marx, a nineteenth century philosopher, economist, journalist, and revolutionary and Friedrich Engels.
Although there are still many Marxist revolutionary movements and political parties around the world, since the collapse of the Soviet Union and its satellite states, relatively few countries have governments which describe themselves as Marxist.
Marx's theory of business cycles; of economic growth and development, especially in two sector models; and of the declining rate of profit, or crisis theory, are other important elements of Marxist economics.
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