Unraveling the myths of 'cowboy capitalism'

Interview | Wheaton professor P.J. Hill explains why limited government and the rule of law matter most in the war on poverty | Marvin Olasky

Some economists are known as abstract theoreticians only, but P.J. Hill, a professor at Wheaton College since 1985, stays grounded by paying close attention to the way institutional structures actually work and by returning to his cattle ranch in Montana each summer. He has researched and published intriguing articles on off-the-beaten-track subjects such as the organization of cattle drives from Texas and mining camps in California.

Professor Hill has a Ph.D. in economics from the University of Chicago and taught at Purdue, the University of Iowa, and Montana State University before joining Wheaton. He has published numerous articles and has co-authored The Birth of a Transfer Society, Growth and Welfare in the American Past, and Eco-Sanity: A Common-Sense Guide to Environmentalism. He also advised the Bulgarian government in its transition to a market economy.