This week on Sinica, Kaiser chats with Isabella Weber, assistant professor of economics at the University of Massachusetts, Amherst, about her new book, How China Escaped Shock Therapy: The Market Reform Debate. Meticulously researched and persuasively argued, her book makes important contributions to our understanding of a critical period in China’s recent history: the decade of the 1980s, when a fierce debate between “package reformers” supporting sweeping price liberalization and gradualists who argued that state participation in the market was critical to dampen inflation and maintain social stability. And it sheds light on the run-up to the student-led demonstrations of 1989.