Mythology of Scarcity of resources The entrepreneur plays a significant role on the supply side in regard o technological input. Natural resources are reasonably scarce, although continued exploration seemingly moves back the limitations, and capital goods are a finite response to output. However, what is omitted is the fact that human resources are enormously expandable. Education and the appropriate motivation changes this variable significantly. But the state of the art of technology is purely an entrepreneurial resource. Whether one considers the Schumpeterian modal or von Mises and Shackle versions, innovation and inventiveness are neither scarce nor static and as such can be greatly magnified. To this Higgins makes the point that, “In any society, the rate of technological progress and so of economic development depends greatly on the number and ability of entrepreneurs available to it.