New indicator needed

Just came across the work of Eric Zencey. In a 2009 NYT article he calls for

… a new measurement, one that more accurately signals changes in the level of economic well-being we enjoy … an indicator that will tell us if we are really and truly gaining ground in the perennial struggle to improve the material conditions of our lives.

He’s at Gund Institute for Ecological Economics at the University of Vermont  compiling an updated Genuine Progress Indicator for Vermont for implementation as an alternative policy and budgeting instrument in the state.