The quote of the day comes from Dennis Leyden's blog on the subject of macroeconomics: "As Stiglitz says, 'If you don’t measure the right thing, you don’t do the right thing.'” He then links toan article in the NY Times about how we measure our economy.  From that article comes this:

In a provocative new study, a pair of Nobel prize-winning economists, Joseph E. Stiglitz and Amartya Sen, urge the adoption of new assessment tools that incorporate a broader concern for human welfare than just economic growth. By their reckoning, much of the contemporary economic disaster owes to the misbegotten assumption that policy makers simply had to focus on nurturing growth, trusting that this would maximize prosperity for all.

About damn time.