1. EUXTV 9-8-2009: An increase in GDP (dollar value of national output) does not imply increase in well-being.
http://www.youtube.com/watch?v=Ep4DWx1--sY&feature=related (3 min)
2. ForaTV 1-22-2008: Winner of Nobel Prize in Economics , Joseph Stiglitz: "information affects behavior"
http://www.youtube.com/watch?v=QUaJMNtW6GA&feature=related (8 min)
Stiglitz notes that if GDP is the yard stick of political success, then politicians will seek to maximize GDP, even if it is a poor measure of a country's well being. Stiglitz highlights important factors not included in GDP: income of median citizen, environmental depletion, health, leisure, spending on bads (disasters and prisons), offshoring (GDP does not reveal how much of income from production gets shipped back to foreign owners).