Also, while the resource-based theory developed relative to evolutionary economics explains sustained superior firm performance by focusing on the differential ability of firms
to develop new capabilities as environments change, rents generated by this differential
ability to develop new capabilities are still Ricardian in nature. Thus, neo-classical economic
resource based theory may be appropriate for studying rents generated by the ability to
develop new capabilities, while evolutionary resource-based theory may be appropriate for
studying the process by which these new capabilities are developed.