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daviding says: The article recognizes the limitation of government statistics on services. The industry segment isn't exactly the focus of researchers interested in the creative class economy, but it does demonstrate how surrogate measures may be collected.

The Sapporo findings, published in a dry report on changing shopping trends and urban land use this week, show the number of brothels in the Susukino district, one of the three largest red-light areas in the country, has soared more than fourfold to 264 in the past two decades. [....] This makes the sex trade a rare success story in an economy devastated by the steep decline in global demand for Japanese autos and electronics, drivers of the country's exports, and eroding domestic consumption, which supports a vast service sector. Services account for the overwhelming part of economic activity in Japan and other modern countries, and they are notoriously difficult to measure precisely. In Canada, Statistics Canada frequently examines and overhauls the way it measures services in the search for greater accuracy. But Statscan would have a hard time gauging the true economic impact of the sex trade. It's much easier to measure in Japan, where several sexual acts are allowed in licensed outlets in designated areas, although actual intercourse in those establishments is outlawed.

daviding says: If the foundation of the system is in entropy rather than equilibrium, we'll need to figure out how exchange-based societies work, and the function of money (as information, in a general theory of systems).

The specific purpose of this paper is to trace the development of entropy-related thought from its thermodynamic origins through its organizational and economic applications to its relationship to money information. That trace reveals that existing entropy measures are of states or changes in states that are caused by energy processes. We propose that entropy may as well be conceived as entropic process. The social emergent specific exchange value provides a metric by which entropic process may be quantified. The analysis connects the traditional state-oriented entropy measures to measures of entropic process in social systems. In doing so, the character of exchange-based societies and the function of money information within them are elaborated.

daviding says: This is the first version of a quantitative study that could become an annual study. Note the 25 metrics in nine categories over three sets of main indicators (foundations, flows of resources, impacts).

... today we're publishing as The 2009 Shift Index, a new set of economic indicators built for the digital world. Because it focuses on longer-term, "secular" changes to the business environment, the Shift Index is designed as a complement to the overwhelmingly short-term, cyclical measures that comprise most of today's economic indices. The full report and findings are available here. And a summary version of the framework, index, and findings is now out in the July/August Harvard Business Review. In the months and years to come, this inaugural index, which focuses exclusively on the U.S. economy, will be regularly updated to track changes over time and expand the ability to compare performance trends across industries, countries, and firms. The Shift Index tracks 25 metrics in nine categories across three sets of main indicators: Foundations, which set the stage for major change; Flows of resources, such as knowledge, which allow businesses to enhance productivity; and Impacts, which help gauge progress at an economy-wide level. Together these indicators represent phases of transformation in the Big Shift taking place in the global business environment. What do the findings show? The 2009 Shift Index reveals a disquieting performance paradox in the US corporate sector. On the one hand, labor productivity has nearly doubled since 1965. During those same years, however, US companies' Return on Assets (ROA) progressively dropped 75 percent from their 1965 level.