Modern macroeconomics often seems to treat rapid and stable economic growth as the be-all and end-all of policy. But, while that is the message from graduate classrooms to central-bank boardrooms to newspapers’ front pages, is it true?”  

Great article by Kenneth Rogoff at Project Syndicate.

When traditional economists like Rogoff follow in the footsteps of Stiglitz questioning our fundamentalist obsession with economic growth, that is something to feel positive about at the beginning of this new year.