Theoretical disconnects within RBT prevent the systematic quantification of the theory's core proposition. To address these disconnects requires temporal reasoning, of value creation as a sequential process from resource acquisition, via deployment, to firm product. To address an unacknowledged tautology that prevents addressing the disconnects, important refinements and extensions to the current understanding of economic value are integrated into the RBT's core proposition. The resulting understanding provides the basis for consistently conceptualizing and quantifying intangible as well as tangible resources. New meanings of the concepts of superior resource endowment and deployment are revealed. Research implications include the ability to quantify competitive advantage using balance sheet information and data panels; a novel understanding of the link between RBT and the dynamic capabilities approach to management; the ability to remove an assumption that has left the RBT exposed to persistent criticism; as well as guidance for future research in the field.