The 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, arguing that major changes and conflicting processes can be understood through the concept of these three fields: the circuit of capital, the field of reason of state, and the field of reactions to, and learning from, cycles and crises. It analyses the generic dynamics of these fields and explores their causal effects, such as growth, employment, distribution of income and wealth, wars, and ecological effects.

Format: Hardback
Length: 148 pages
Publication date: 11 March 2022
Publisher: Taylor & Francis Ltd

The Three Fields of Global Political Economy offers a comprehensive and forward-thinking exploration of the dynamics of the global political economy since the Industrial Revolution. It argues that significant changes and conflicting processes can be understood through the concept of these three fields.

The first field, constituting the circuit of capital, is characterized by a tendency towards economic liberalism. This field encompasses the flow of capital across borders, the investment of capital in various economic activities, and the regulation of capital markets. It highlights the role of international institutions, such as the World Bank and the International Monetary Fund, in shaping economic policies and promoting economic growth.

The second field emerges as a response to and learning from cycles. It is driven by cycles and crises, as well as various negative experiences, such as economic downturns, wars, and environmental disasters. This field emphasizes the importance of resilience, adaptability, and crisis management in navigating the challenges posed by global economic volatility. It explores the role of governments, international organizations, and individuals in responding to crises and promoting sustainable development.

The third field, known as the field of reason of state, is evoked by struggles within and among states. It encompasses the political, economic, and social dimensions of state-level interactions. This field emphasizes the role of power, ideology, and institutions in shaping global political economy outcomes. It explores the dynamics of interstate conflicts, trade agreements, and international institutions, such as the United Nations and the World Trade Organization.

This book delves into the generic dynamics of these three fields of global political economy and examines their most significant causal effects, including growth, employment, income distribution, wars, and ecological consequences. It explores the interconnections between these fields and the ideas and causal forces that generate them, constituting the holomovement of the global political economy.

The Three Fields of Global Political Economy is a valuable resource for advanced students and scholars of global studies, international relations, international political economy, economic theory, and governance. It provides a comprehensive framework for understanding the complex and interconnected nature of the global economy. Additionally, the book appeals to a broader audience interested in socioeconomics, social theory, and sociology.

In conclusion, The Three Fields of Global Political Economy offers a systematic and future-oriented account of the dynamics of the global political economy since the Industrial Revolution. By examining the three fields of capital, reactions to crises, and the field of reason of state, the book provides insights into the complex processes that shape the world's economy and society. It appeals to a wide range of audiences and contributes to our understanding of the challenges and opportunities facing the global community in the 21st century.

Dimension: 234 x 156 (mm)
ISBN-13: 9780367763985