“ Hufeland was the first among German economists to point out the profit of the entrepreneur as a distinct species of revenue with laws peculiar to itself. He also tends towards, though he does not explicitly state, the view that rent is a general term applicable to all payments resulting from differences of degree among productive forces of the same order. Thus the superior gain of a specially gifted workman or specially skilled employer is in time assimilated to the payment for a natural agency of more than the minimum efficiency. ”

“ HUFELAND, GOTTLIEB (1760–1817) , German economist and jurist, was born at Dantzig on the 19th of October 1760. He was educated at the gymnasium of his native town, and completed his university studies at Leipzig and Göttingen. He graduated at Jena, and in 1788 was there appointed to an extraordinary professorship. Five years later he was made ordinary professor. ”