Why GDP is a poor measure of Growth

Why GDP is a poor measure of Growth

Your essay, with some such title as “Why GDP is an incomplete (at best) or quite misleading (at worst) measure of our physical, mental and social well-being as a socirty” (Maybe make it a little briefer and catchier, like “GDP: an inadequate proxy for GDH [Gross Domestic Happiness]” Perhaps 3 main sections: I. What valuable goods and services are not included in GDP.
II. What other more-or-less quantifiable aspects of human or social happiness or health are not considered when GDP is considered: quality of working life, amount of leisure time per week, per year or per lifetime, the distribution of income among socio-economic classes, say poorest-to-richest quintiles, the composition of the GDP (military weapons and equipment, health care items like number of annual medical check-ups, person-years of education).
III. Other measures of social health that could/should supplement GDP: proportion of the population incarcerated, proportion homeless, health-uninsured, literacy rates, measures of air and water quality, homicide, suicide and crime rates…
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