Three Fields of Global Political Economy
The Three Fields of Global Political Economy provides a systematic and future-oriented account of global political economy dynamics since the Industrial Revolution and argues that major changes and conflicting processes can be understood through the concept of these three fields.
The first field is constituted by the circuit of capital and is characterised by a tendency towards economic liberalism. The second field is brought about by reactions to, and learning from, cycles and crises and various negative experiences. The third field is the field of reason of state. It is evoked by struggles within and among states and has its own inner generative structures. This book analyses the generic dynamics of these three fields of global political economy and explores their most significant causal effects, such as growth, employment, distribution of income and wealth, wars, and ecological effects. Together, the prevailing three fields, as well as the ideas and causal forces which generate them, constitute the "holomovement" of the global political economy.
This book will appeal to advanced students and scholars of global studies, international relations, international political economy, economic theory, and governance, as well as those working in social theory and sociology, and to a broader audience interested in socioeconomics.
Heikki Patomäki is a Professor of World Politics and Global Political Economy at the University of Helsinki, Finland. He has published over 20 books and over 200 scientific articles and commentaries in various scholarly fields, and he is also the author of numerous popular writings. He is a full member of the Finnish Academy of Science and Letters and lifelong member of Clare Hall, University of Cambridge, United Kingdom.