At bottom, the basic difference between the Milken measure of best-performing cities and my own creativity index stems from what we try to measure. The Milken measure attempts to gauge year-over-year economic performance through factors like employment growth. My creativity index focuses on the key factors that shape economic development in the long-run.
The debate about causality and correlation aside, calling out Rich because his results don't mirror Milken's struck me as shoddy thinking. However, I was more interested in the Memphis story. Stakeholders in Memphis expressed dismay about their rankings in the Milken Report. They expended to see a dividend from applying Florida's empirical research.
Should better results in the creativity index lead to a rise in the Milken rankings? If so, what is the time frame for improvement?