"What you measure is what you get," said Nobel prize-winning economist Joseph Stiglitz. Soon Vermont may measure its economic well-being somewhat differently.
This week, the Vermont legislature sent a bill to Governor Peter Shumlin that charges the University of Vermont's Gund Institute for Ecological Economics with developing a new way of measuring the health of the state economy: it's called the Vermont Genuine Progress Indicator.
The law would be the first of its kind in the U.S. and builds on a growing network of state GPI initiatives, most notably Maryland's.