[4] He co-directs the Classical Liberal Institute[5] at the New York University School of Law with Richard Epstein.
He was the 1997-1998 president of the Society for the Development of Austrian Economics[6] 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, George Mason University.
[9] Jeffrey Tucker describes Rizzo's work as having a huge influence on his early thought and argues that his major work, Austrian Economics Re-examined,[10] launched a research program that has lasted for decades.
[11] Peter Boettke describes the critical role of Rizzo's research program in his early work on the economics of socialism.
[12] In 2016, Rizzo was noted for being the only professional economist to sign open letters condemning both the economic policy platforms of Donald Trump[13] and Hillary Clinton.