High Quality Content by WIKIPEDIA articles! Crisis theory is generally associated with Marxian economics. In this context crisis refers to what is called, even currently and outside Marxian theory in many European countries a "conjuncture" or especially sharp bust cycle of the regular boom and bust pattern of what Marxists term "chaotic" capitalist development, which, if no countervailing action is taken, develops into a recession or depression - see, for example, 1994 economic crisis in Mexico, Argentine economic crisis (1999-2002), South American economic crisis of 2002, Economic crisis of Cameroon, Financial crisis of 2007–2010, Great Depression, etc. In terms of historical materialism, such crises repeat until objective and subjective factors combine to precipitate the transition to the new mode of production.