Mario J. Rizzo (; born July 6, 1948) is an American economist of the

Austrian School The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school ...

. He serves as an Associate Professor of Economics at

New York University New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-Secretary of the Treasury Albert Gallatin. In 1832, the ...

Early life

Rizzo studied economics at

Fordham University Fordham University () is a Private university, private Jesuit universities, Jesuit research university in New York City. Established in 1841 and named after the Fordham, Bronx, Fordham neighborhood of the The Bronx, Bronx in which its origina ...

where he received his B.A. and M.A. As a student, he was then known as a follower of

Murray Rothbard Murray Newton Rothbard (; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertarian m ...

. He received his PhD in Economics from the

University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is consistently ranked among the b ...

Career

Rizzo is the Director of the Program on the Foundations of the Market Economy. He co-directs the Classical Liberal Institute at the

New York University School of Law New York University School of Law (NYU Law) is the law school of New York University, a private research university in New York City. Established in 1835, it is the oldest law school in New York City and the oldest surviving law school in New ...

with

Richard Epstein Richard Allen Epstein (born April 17, 1943) is an American legal scholar known for his writings on torts, contracts, property rights, law and economics, classical liberalism, and libertarianism. He is the Laurence A. Tisch Professor of Law at ...

. He was the 1997-1998 president of the Society for the Development of Austrian Economics and the 2017-2018 Hayek Distinguished Visiting Professor for the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the

Mercatus Center The Mercatus Center is an American Libertarianism in the United States, libertarian, free-market-oriented non-profit think tank. Located at George Mason University and directed by the American economist Tyler Cowen, the Mercatus Center works with ...

George Mason University George Mason University (George Mason, Mason, or GMU) is a public research university in Fairfax County, Virginia with an independent City of Fairfax, Virginia postal address in the Washington, D.C. Metropolitan Area. The university was origin ...

. He edits the

Routledge Routledge () is a British multinational publisher. It was founded in 1836 by George Routledge, and specialises in providing academic books, journals and online resources in the fields of the humanities, behavioural science, education, law, and ...

book series Foundations of the Market Economy with Laurence H. White. His works lies at the interface between ethics and economics, law and economics, and psychology and economics.

Jeffrey Tucker Jeffrey Albert Tucker (; born December 19, 1963) is an American libertarian writer, publisher, entrepreneur and advocate of anarcho-capitalism and Bitcoin. For many years he worked for Ron Paul, the Mises Institute, and Lew Rockwell. Wit ...

describes Rizzo's work as having a huge influence on his early thought and argues that his major work, ''Austrian Economics Re-examined,'' launched a research program that has lasted for decades.

Peter Boettke Peter Joseph Boettke (; born January 3, 1960) is an American economist of the Austrian School. He is currently a professor of economics and philosophy at George Mason University; the BB&T Professor for the Study of Capitalism, vice president for ...

describes the critical role of Rizzo's research program in his early work on the economics of socialism. In 2016, Rizzo was noted for being the only professional economist to sign open letters condemning both the economic policy platforms of

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pe ...

and

Hillary Clinton Hillary Diane Rodham Clinton ( Rodham; born October 26, 1947) is an American politician, diplomat, and former lawyer who served as the 67th United States Secretary of State for President Barack Obama from 2009 to 2013, as a United States sen ...

Publications

Selected books

*Rizzo, Mario J.; Cowan, Robin (Eds.). (1995).
Profits and morality.
' University of Chicago Press. *Rizzo, Mario J.; O'Driscoll Jr, Gerald P. (2015).
Austrian Economics Re-Examined: The Economics of Time and Ignorance.
' Routledge. *Rizzo, Mario J.; Whitman, Glen (2020).
Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy.
' Cambridge University Press.

Selected articles

*Rizzo, Mario J. (1982)
"A Theory of Economic Loss in the Law of Torts."
''

The Journal of Legal Studies ''The Journal of Legal Studies'' is a law journal published by the University of Chicago Press focusing on interdisciplinary academic research in law and legal institutions. It emphasizes social science approaches, especially those of economics, ...

'': 281–310. *Rizzo, Mario J. (1990)
"Hayek's four tendencies toward equilibrium."
'' Cultural Dynamics'': 12–31. *Rizzo, Mario J. (2005)
"The problem of moral dirigisme: a new argument against moralistic legislation."
'' NYUJL & Liberty'': 790–844. *Rizzo, Mario J. (2015)
"Abstract morality for an abstract order: Liberalism’s difficult problem."
''

Supreme Court Economic Review The ''Supreme Court Economic Review'' is an academic journal published by the University of Chicago Press. The journal applies economic and legal scholarship to the work of the United States Supreme Court The Supreme Court of the United S ...

'': 7-34.

References

External links

* Faculty webpage a
New York University
{{DEFAULTSORT:Rizzo, Mario J. American economists New York University faculty 1948 births Living people