This chapter analyzes the emergence of learning objects as a dynamic and interactive relationship between technology and the organization. We examine the way that organizational objectives are embedded within selected technologies. In other words, how is the selected technology addressing the organization’s needs? Further, we argue for a socially-constructed model of knowledge management. Specifically, we utilize Demarest’s (1997) four-step process of the construction of a knowledge economy. From these processes, via a constructed technological system, a learning object economy emerges, which includes various constituents: the 21st century learner, the subject matter expert (university professor), vendors who support or enable knowledge management, and populaces that harvest and benefit from the collection of knowledge.