From Production Measurement to Economic Application
Konstantinos Asterios Chatzikas
Independent Economic Researcher
About the Book
System K: Applied Research and Applied Framework presents the applied development of System K, an economic methodology designed to examine production and market activity through a common unit of measurement.
The methodology begins with the physical requirements of production, distinguishing measurable productive inputs from wages, profit, and market valuation.
At its foundation is the K unit, defined as the equivalent of one megawatt-hour (1 MWh). This provides a common reference for examining productive activity across different goods and economic sectors.
Applied Measurements
The book examines the application of System K to ten products: gold, steel, aluminium, cement, wheat, rice, cotton, milk, chicken, and diamond. These applications explore how productive requirements can be measured and expressed in K units, providing a common basis for comparison with market valuations.
From Production to Economic Analysis
Beyond individual products, the research explores potential applications of System K to:
- Productive sectors and economic activity
- Market valuation and economic comparison
- Public finance and national economic accounting
- International trade and economic flows
- Economic observation and analysis
The proposed framework distinguishes the measurement of production from market price formation, allowing both dimensions to be examined within a common methodological structure.
Scope and Research Development
System K is presented as a theoretical and applied research framework. Its broader institutional implementation would require further empirical investigation, methodological standardization, and appropriate mechanisms for recording and validation.
The objective is not to replace existing economic analysis, but to introduce an additional perspective grounded in the measurement of production.
Related Research
This volume develops the methodology introduced in Economics of Real Value — System K. Together, the two books present the conceptual foundations and applied research of System K.
Book Availability
Paperback edition: Available through Lulu
Kindle edition: Available through Amazon
Author: Konstantinos Asterios Chatzikas
Lulu Paperback ISBN: 978-1-291-57266-7
Ingram Paperback ISBN: 9798233635977