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Faculty Profiles

 PJ Hill

P.J. Hill, Ph.D.

Professor of Economics Emeritus






P. J. Hill served as the George F. Bennett Professor of Economics at Wheaton College for twenty-five years, retiring in 2011. As a prolific scholar, as well as highly-sought after teacher and mentor, he has published many books and articles in the areas of institutional economics, property rights, and natural resources. During his forty-two year career in addition to his work at Wheaton College he has taught at Purdue, Montana State and The University of Iowa. In 2002 he won the Distinguished Scholar Award from the Association of Private Enterprise Education.

Much of Dr. Hill’s scholarly work focuses on the development of the frontier in the American West, where he is a third generation Montana rancher who spent his summer breaks during his teaching years at Wheaton to work on his ranch, and conduct research at the Property and Environment Research Center in Bozeman, Montana.

Dr. Hill and his wife Lois have three grown children, and now reside in Montana.

  • Principles of Microeconomics
  • Environmental Economics
  • Public Choice and Constitutional Economics
  • American Economic History
  • Comparative Economic Systems
  • Public Policy
  • Association of Christian Economists
  • American Economics Association
  • Economic History Association
  • Western Economics Association
  • Southern Economics Association
  • International Society of New Institutional Economics
  • Public Choice Society
  • Mont Pelerin Society
  • Association of Private Enterprise Education

Hill, P.J., "Markets and Morality: Things Ethicists Should Consider When Evaluating Market Exchange," with John Lunn. Journal of Religious Ethics, December 2007, 35:4:627-653.

Hill, P.J., and Terry L. Anderson, "Property Rights in the American West: The Tragedy of the Commons or the Tragedy of Transaction Costs?" Public Choice Interpretations of American Economic History, edited by Jac C. Heckelman, John C. Moorhouse, and Robert M. Whaples. (Kluwer, 2000).

Hill, P.J., "Environmental Theology: A Judeo-Christian Defense," Markets and Morality, Fall 2000.

Hill, P.J., "Irrigation Institutions in the American West," with Stephen Bretsen. UCLA Journal of Environmental Law and Policy, Vol. 25 No.2. 2006-2007.

Hill, P.J., and Terry L. Anderson, "The Evolution of Property Rights," Property Rights: Contract, Conflict, and Law, edited by Terry L. Anderson and Fred S. McChesney. (Princeton University Press, 2002).

Hill, P.J., and Terry L. Anderson, "Cowboys and Contracts," Journal of Legal Studies, 2002.

Hill, P.J., "Water Marketing as a Tragedy of the Anticommons," with Stephen Bretsen. William and Mary Environmental Law and Policy Review. Vol.33:3, Spring 2009 .

Hill, P.J., and Terry L. Anderson, "The Not So Wild, Wild West: Property Rights on the Frontier", with Terry L. Anderson, Rowman and Littlefield, 2001.

Hill, P.J., Who Owns the Environment? edited with Roger Meiners. (Rowman and Littlefield, 1998).

Hill, P.J., The Technology of Property Rights, edited with Terry L. Anderson. (Rowman and Littlefield, 2001).