In another place 1 the present writer has attempted to summarize the positions and tendencies exhibited in several late important economic treatises in their reference to certain leading and stategic doctrinal questions. Something of the same sort will be here undertaken with regard to Professor Seligman's newly published treatise.2 Profits.The remuneration of the entrepreneur, or the man who carries on the enterprise, is called profit. Among them, wages, rent or interest, and profits exhaust the whole income. (P. 352.) Profits are the income from business enterprise. (P. 353.)