Schumpeterian Competitive Dynamics and Economic Learning: an Economy-wide Resource-based View

Economic learning, by analogy with organizational learning, results in the development of economic competences, or capabilities, shared between firms. These competences rest on a foundation of economic resources, from which value is generated, and economic routines, through which resources are utilized. It is the mobility of resources, and their exchange and production dynamics, along evolutionary pathways, which underpins the plausibility of a notion of economic learning. The paper elaborates this framework as a “resource-based view” of the economy, conceived as an extension of the resource-based view (RBV) of the firm. Such a perspective brings into focus the resource cycles that drive real economies, as well as the resource specialization and configuration, within firms and between firms, that translates into enhanced or diminished economic performance in the economy as a whole.