Some of the participants were at odds with Davenport's presentation of Bauer's principled position against foreign aid. Gudin did not agree with some statements of Davenport (who apparently had suggested "that blank cheques" were a common foreign aid practice), and he referred to his fellow MPS member Erik Lundberg's position on private foreign investment: "sometimes it is very costly to the country which receives it" (MPS Quarterly 1, 1959, 23), because second-rate machinery had been imported at high interest rates, for example.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1328