What is Political economy about?

Political-Economy.com is an economic blog which uses insights from great economists of the past for today

If you understand the way the world works you can enrich your life. This is the practical application of economic theory.

I have a unique perspective on economics because:

  • I am an Economics professor.
  • I am financially independent (do not need a job).
  • I survived, worked and thrived economically in a developing country on the other side of the globe. I just hopped off the boat and started to make money. I did this in a country where I did not speak the language and with no help from the government. I am not an economics professor teaching theory (many whom I respect). I teach real life economics.
  • I used insights from past economists, particularly Adam Smith to change and enrich my life and become financially independent ( download Wealth of Nations in PDF for free here, it is my gift to you).
  • I have a Masters in Economics from Trinity and some post graduate studies and teaching here and there.
My family is my dream – St. George’s street in St. Augustine on a Sunday afternoon in June.

I am living the American dream not because of any special place of birth, title, but following a few simple ideas:

  1. From Plato – That in each of us resides an infinite ability to know, it just needs to be drawn out.
  2. From the Enlightenment – That man is fundamentally good and given freedom to act on our own enlightened self interest, we can bring a greater happiness and good to all.
  3. From Norman Vincent Peale – Believe in yourself.

From there I could go on and on and philosophy is one of my passions. Hans Kung being my favorite modern day thinker, but also Martin Gardner and Mortimer J. Adler. Develop your own reason for being and you will find that if you know the ‘why’ in life the ‘how’ is easy. The answer will reveal itself to you.

Mark Biernat – a windy day my hair looks kind of funny. And boy I look serious, but it is sunny day that is all.
This is me in Europe. I live in two worlds. It is one of the advantages of not having to work. The question is which do I like better? This is actually outside a University in Lviv.

You can do anything you set your mind to. This includes such things as making as much money as you like or helping the poor and the environment, it’s all up to you. You must look only to yourself to change your situation.

My name is Mark Biernat. I have a particular passion for the history of Economic thought. Economic classics give a clearer view of current market conditions than modern commentators whose judgement is fuzzy or cluttered by too much information. By looking at economic theory you can become rich.

I am living proof that this works.

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Mark Biernat join me here Mark Biernat

2 Replies to “What is Political economy about?”

  1. Hi Mark,
    I’ve been reading your blogs and find them really interesting. I also study political economy through the tenants of world events as well as ideologically through the teachings of some of my favorite contemporary economists. I currently do not have the formal education you have (albeit I am currently studying International Politics at Penn State, but I am still working full time at my regular job). If one takes the time to read and interpret and have a hunger for knowledge, I believe each of us are one step away from the next big idea. You can only do big if you dream big. There’s nothing wrong with dreaming big. Anyway my internal political economic interests are trade, trade deficits, geo-political and economical studies of China, Russia, the Middle East. I also like reading about freedom and capitalism and am always looking to defend it against the very deteriorating and degenerative tenants of socialism.
    Thanks,
    Gwayne

    1. Mark Biernat says:

      Yes, this is the attitude you want to have and keep through your life. If you personally can combine and intellectual curiosity with creativity you will find entrepreneurial ideas that you can live out and enrich the lives of people around you. If you do this working, working for an idea rather than a paycheck, your work life becomes a pleasure.

      Yes each of us is truly one step from a great idea.

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