Risk takers are scarce (in theory)It is not enough to think of an idea, or even to pursue it desultorily; the entrepreneur’s profit goes to the person who is willing to commit his time and energy to projects that may not succeed. Workers are guaranteed their salaries, lenders are guaranteed their interest, but the entrepreneur has no guarantee: he just collects all the money that is left over. That could be a fortune or it could be less than nothing at all. Most of us don’t want to take this risk. Part of the reason entrepreneurs are well rewarded is because they are scarce.