Innovation, learning and organization are analyzed from a perspective which seeks to integrate evolutionary economics, the resource/competence view of the firm, an extended theory of transaction costs and insights derived from cognitive science. Firms are subject to selection by competitive...

Transaction cost economics faces serious problems concerning the way it deals, or fails to deal, with bounded rationality, the efficiency of outcomes, trust, innovation, learning and the nature of knowledge. The competence view yields an alternative perspective on the purpose and boundaries of...