Book notes: The doom loop: why the world economic order is spiraling into disorder, by Eswar S Prasad
A persuasive analysis of a new world disorder that will bring an end to central bank independence
Eswar S Prasad, The doom loop: why the world economic order is spiraling into disorder, Hurst, 2026, 357 pages
Eswar Prasad has written a brilliantly persuasive analysis of the new world disorder, and the end of all the old paradigms of the liberal rules-based international order, liberal democracy, the rule of law and independent central banks.
There were, in his view, two fundamental drivers of the radical change that is disrupting economic and political order: first, the demonstration effect
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