See the recent diary by Melanchton FT: Is GDP the wrong indicator?

And earlier diaries:

LQD - James Speth (Yale University) on "happiness"
Beyond GDP - Day 2 (afternoon) Summary
Beyond GDP - Day 1 Summary
Minor Errors
Anyone attending "Beyond GDP"?
Measuring Progress (pt. 1)
Happiness and Economics
Regrettables
Socratic Economics I: Why GDP growth above all else?
Let's Ban the GDP

The most difficult problem, I think, is the level of entanglement between governments and large corporations. That's not just an issue of government spending priorities.

But maybe we are entering into a new era of possibility...