Organizational learning theory is multidisciplinary with no current consensus regarding a model for organizational learning theory. This paper searches for points of agreement regarding organizational learning among organizational theorists, then gives special attention to the economic perspective of organizations and learning. Much of the neoclassical theory of the firm, a set of human resource holders maximizing profit under a known production function, is under question. Organizational theorists now generally embrace the relevant transaction cost and agency perspectives. Harvey Leibenstein, Harvard economist, views the firm in terms of internal efficiency, embraces Argyris & Schön’s perspective of organizational learning as a process of error handling, sees the individual actor’s motivation to admit, detect and correct error as a special case of the productivity problem, and analyzes it from a game theoretic, agency like manner. Leibenstein’s perspective respects much of the noted concordance regarding organizational learning.

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