I was working through one of my papers today with Neil Kay, and we had this discussion:
Neil: I wrote a paper which essentially says ‘I’m not sure if dynamic capabilities exist, but if they do, they probably look like this’.
Me: So dynamic capabilities are the Higgs boson of economics?
Now I guess we just need to build a business version of the Large Hadron Collider if anyone aims to address Nicolai Foss’ criticisms. And the even bigger question – who will provide the funding to build it?