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The Three Fields of Global Political Economy



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ISBN 9780367763985
February 28, 2022 Forthcoming by Routledge
160 Pages 5 B/W Illustrations

 
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Book Description

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.

Table of Contents

1. Introduction

2. Key Concepts: Field, Causation, Time, Process, and Holomovement

3. The First Field (OL): The Momentum and Energy of Economic Liberalism

4. The Second Field (C>L): Collective Learning from Critique and Crises

5. The Third Field (SSR): The Reason of State Bending Social Space-Time

6. Holomovement: Collective Learning Through the Dialectics of Fields

7. Political Economy of Scale: Toward Holoreflexivity in the 2020s and 2030s

8. Political Economy of Time: Holomovement and the Future of the C>L-Field

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Author(s)

Biography

Heikki Patomäki is a Professor of World Politics and Global Political Economy at the University of Helsinki, Finland. He has published over twenty 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, UK.

Reviews

"Against the background of impending civilisational collapse, this volume provides a systematic and future-oriented account of global political economy dynamics through a novel field-theoretical approach. Written by one of today’s most creative political economists, this book offers hope based on the possibilities of collective learning. A must-read for all interested in the potential futures ensuring the survival of our civilisation and planet."

Andreas Bieler, Professor of Political Economy, University of Nottingham, UK

"Cutting against the mainstream, Heikki Patomäki’s most recent book deftly examines global turmoil and suggests how to address it. With remarkable acuity, Patomäki traces historical trajectories and projects plausible scenarios for future world order. This concise volume offers fresh insights and demonstrates the power of critical thinking. It stacks up well against the very best books in political economy. A visionary study that will appeal across the social sciences."

James H. Mittelman, Distinguished Research Professor, American University, USA, and the author of Implausible Dream: The World-Class University and Repurposing Higher Education