Karl Olivecrona (1971) maintains that right is a hollow word, and so also for some other legal terms. Right, he says, has no conceptual background. He arrives at this position after an examination of metaphysical and naturalistic accounts, including American legal realism. Some of Olivecrona\u27s arguments will be evaluated here. His position is influenced by Hagerstrom\u27s theory of legal language, but he argues that Hagerstrom fails to account for how such terms as right, duty, etc. function in legal discourse and why they are useful. A parallel approach is also found in Olivecrona\u27s book The Problem of the Monetary Unit (1957). Olivecrona is left with the problem of how such hollow terms function. His explanation is lar...