Economic Capital

In vielen Unternehmensinformationen steht zu lesen, dass die Mitarbeiter als das wertvollste Kapital des Unternehmens betrachtet werden. Sicher gibt es Unternehmen und Unternehmensleiter, die dies nicht nur in einen Prospekt schreiben, sondern wirklich ernst meinen! Jeder, der eine solche Aussage ernst nimmt, muss jedoch allzu schnell erstaunt feststellen, dass diese Aussage–zumindest in Deutschland – nicht stimmen kann.

While discussing the context in which certain capital costs effectively create an obstacle to the implementation of sustainable building and design practices, Mr. Kobacker discusses many of the misconceptions and erroneous beliefs that must first be dispelled before any other steps can be taken. The internationally renowned sustainability expert then addresses the specific strategic vision he employs in maximizing a project's value while also minimizing its cost.

Because the potential returns appear to be greater in poorer countries than in the developed world, modern economic theory implies that rich countries should continually invest in poor countries until returns balance out. In fact, this doesn't happen. Economist Robert E. Lucas Jr. asks why in his groundbreaking 1990 article, "Why Doesn't Capital Flow from Rich to Poor Countries?" The question has become known as the Lucas paradox. Lucas analyzes this, focusing especially on the role of human capital.