Happy Birthday, Professor Rizzo!

ThinkMarkets

by Pete Boettke

I want to wish Mario Rizzo the very best on his 70th birthday. To this day, the phone call I received from him in March of 1990 remains the highlight of my professional career. Mario called me at my office at Oakland University to tell me I was going to be offered an Assistant Professorship in the Economics Department at NYU.  I ran home, rang the doorbell, and did my best Frank Sinatra impression of “New York, New York” for Rosemary and we hugged and jumped up and down.  The next 8 years of my professional life were critical in so many ways, and I owe that to Mario and Israel Kirzner, their mentorship and their guiding example. So, on a personal-professional level, my debt to Mario is very deep, and my friendship with him at an intellectual and personal level is something I cherish greatly.

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Hobbits and other myths

The Inquiring Mind

As Adam noted earlier:-

emmerson_30062018Nine to Toon on film subsidies

Some interesting comments, following Matt Nipperts Herald article

The New Zealand taxpayer has forked out nearly $600 million to Hollywood producers since 2010 to support the Wellington-dominated film industry, and despite commissioning numerous studies the Government is unclear whether this represents money well spent.

The subsidy scheme, originally conceived to facilitate filming of the Lord of the Rings, has steadily increased over the past two decades and now sees mostly overseas producers paid subsidies of up to a quarter of production costs – resulting in $161m paid to the makers of the wildly profitable Hobbit trilogy and $12m for animation on Alvin and the Chipmunks 4.

Nippert makes some very valid points, but at the same time the NZ film industry has expanded dramatically in recent years .

In addition the profitability of a film is not the point.

What is the point…

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Conquerors: How Portugal Forged the First Global Empire by Roger Crowley (2015)

Books & Boots

Our Lord has done great things for us, because he wanted us to accomplish a deed so magnificent that it surpasses even what we have prayed for… I have burned the town and killed everyone. For four days without any pause our men have slaughtered… wherever we have been able to get into we haven’t spared the life of a single Muslim. We have herded them into the mosques and set them on fire… We have estimated the number of dead Muslim men and women at six thousand. It was, Sire, a very fine deed. (Afonso de Albuquerque describing the Portuguese capture of Goa on 25 November 1510, p.286)

In 1500 the Indian Ocean was the scene of sophisticated trading networks which had been centuries in the making. Muslim traders from the ‘Swahili Coast’ of Africa traded up the coast to the Red Sea and across land to Cairo, heart…

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