Don’t be fooled by Australia’s GDP growth – buying more things is not a good measure of our welfare | Jessica Mizrahi

Using GDP to assess wellbeing is a flawed view which has led us to narrow, short-term decision-making

Gross domestic product as a measure of welfare is like exam results as a measure of intelligence. Neither is especially good. However both are widely cited and heavily relied upon.

Why? They're not great - but they're the best we've got.