Stiglitz: Time to Rethink Fixation on GDP?

Complete Premium video at: http://fora.tv/series/92y_politics Nobel Prize-winning economist Joseph Stiglitz argues that GDP falls short as a measurement of a country's economic well-being. "While GDP per capita was going up, most Americans were getting worse off. Is that a good system?" asks Stiglitz. ----- Matthew Bishop interviews Joseph E. Stiglitz, winner of the 2001 Nobel Prize for Economics, and the author of Making Globalization Work, Globalization and Its Discontents and The Three Trillion Dollar War. His most recent work is the forthcoming Freefall, a searing analysis of how America has exported bad behavior, bad policies and bad economics to the rest of the world, and which outlines how to restore the power balance between markets and government. - 92nd Street Y Joseph E. Stiglitz is a professor at Columbia University and the chair of the university's Committee on Global Thought. He was a member of the Council of Economic Advisers under Clinton and later the chief economist for the World Bank. Matthew Bishop is the chief business writer and U.S. business editor of The Economist.