Meet the Genuine Progress Indicator:
The GPI measures not just the actual amount of money changing hands within our borders, but tries to account for the effect of those transactions in securing the public welfare. After all, what good is a "healthy" economy if all the money is used to tear down trees, market cigarettes, pump toxins into the environment, and siphon cash from gambling addicts into organized crime?
"If our political leaders focus solely on trying to spark GDP growth they risk exacerbating the negative social and environmental costs that the GPI measures but the GDP ignores."
- Craig Cheslog of Redefining Progress, the orginators of the GPI
Here's the Press Release with a link to the .PDF version of the report.