My first book, Authoritarian Markets: The Politics of China’s Banking Explosion (Cornell University Press), is officially out today! It explores the political foundations of China’s banking market development—and how that development both drove the rapid growth of the Chinese economy in the past three decades and incubated its deeply intertwined challenges: shadow banking, the housing bubble, and local government debt. The China story isn’t sui generis—not once you see how contract-intensive markets expand in other autocracies. Authoritarian states produce authoritarian markets: markets with three coherent properties, the three “Rs”—rationed entry, reflective competition, and rigged regulation. I won’t give away details but post the epigraph to each chapter below :) I hope you find the book readable, rigorous, and refreshing—a different set of three Rs, but ones I hope characterize the book as much as its argument. Finally—here’s a promo code (40% off!): 09EXP40. cornellpress.cornell.edu/boo… p.s. So many teachers and friends to thank---see my acknowledgement :)