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.

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