“ In the first place, goods are produced for a market,
on the basis of entirely impersonal prediction of wants,
not for the satisfaction of the wants of the producers
themselves. The producer takes the responsibility of
forecasting the consumers’ wants. In the second place,
the work of forecasting and at the same time a large
part of the technological direction and control of production
are still further concentrated upon a very narrow class
of the producers, and we meet with a new economic
functionary, the entrepreneur. . . . . when uncertainty
is present and the task of deciding what to do and how
to do it takes the ascendancy over that of execution the
internal organisation of the productive groups is no
longer a matter of indifierence or a mechanical detail.