"'We should seek better and more-direct measurements of economic well-being,' as this is the 'ultimate purpose' of economics. ... National statistics like gross domestic product paint an incomplete picture of what many individuals are experiencing, he said. As economists continue to work on measuring well-being, there will likely be a greater recognition of the contributions of psychology, Bernanke said."Frankly, that's good to hear.
Bernanke: Economists should focus on well-being (Marketwatch)