Capabilities and the Theory of the Firm Richard N. Langlois Department of Economics The University of Connecticut U63 Storrs, CT 06269-1063 USA (203) 486-3472 (phone) (203) 486-4463 (fax) Internet: Langlois@UConnVM.UConn.edu FIRST DRAFT December 1994 Paper for the colloquium in honor of G. B. Richardson, January 4-6, 1995, St. John’s College, Oxford.