Scholars at the Hoover Institution at Stanford University—professors, thinkers, and practitioners of global renown in their respective fields— offer a series of accessible policy ideas for civic, economic, and security architecture that would shore up the long-term foundations of American strengths. Blueprint is a beyond-the-Beltway profile of the basic policy priorities facing an incoming president and Congress. Edited by George P. Shultz
CHAPTER 9: Trade and Immigration by John H. Cochrane Every month, 5 million Americans lose their jobs—and another 5 million get new jobs. John Cochrane returns to first principles to cut through intense political posturing on both sides of the trade and immigration debates.