Favorite video: Joseph Stiglitz on GDP as economic barometer

I love economics. Yeah, I’m weird that way.

Most of the time, my interest in economics is reasoned and applied at the organizational level. But national and international economics is still fascinating. Although I’m sure macroeconomics isn’t compelling to everyone, I think it’s still important to stay current because it’s such an influencer of microeconomies.

In this thought-provoking video, Joseph Stiglitz talks about why GDP is flawed as an economic barometer. It’s a good lesson for businesses, too. What barometer for success are you using and is it measuring the right things?

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