Problems with GDP as an Economic Barometer

I’m glad I watched this video. Aside from it being required for class, it actually opened my eyes to the implications of measuring a nation’s well being through its’ GDP. I believe Mr. Stiglitz mentioned that GNP was a better measurement, but we have moved from that, so I went online and looked around for some suggestions of what could be better indicators of a country’s economic “health”, which brought me to this article: http://steadystate.org/wp-content/uploads/CASSE_Brief_GDP.pdf
One of the proposed measurement is called the “Human Development Index,” which takes into account life expectancy, academic success, and also uses GDP per capita to measure the position of a country, as opposed to just its gross domestic product. I figured I would post something since Mr. Stiglitz didn’t mention much on alternatives.