This book attempts to eliminate the existing “imbalance” between the theory of electric machines and the theory of electromagnetic fields. In order to develop viable methods for engineering calculations, the author applies field equations. The resulting, new methods consist of traditional calculation elements represented in a refined form (circuit-loops, parameters, equivalent circuits and voltage equations). These calculation methods should be effective both for researchers and engineering practitioners, especially, in relation to the modern electric machines, such as powerful turbine generators, large high-speed synchronous motors, etc.