We carry out a study of rings R for which Hom R (M, N ) = 0 for all nonzero N ≤ M R . Such rings are called retractable. For a retractable ring, Artinian condition and having Krull dimension are equivalent. Furthermore, a right Artinian ring in which prime ideals commute is precisely a right Noetherian retractable ring. Retractable rings are characterized in several ways. They form a class of rings that properly lies between the class of pseudo-Frobenius rings, and the class of max divisible rings for which the converse of Schur's lemma holds. For several types of rings, including commutative rings, retractability is equivalent to semi-Artinian condition. We show that a Köthe ring R is an Artinian principal ideal ring if and only if it is a certain retractable ring, and determine when R is retractable.