One of the stumbling blocks that we never overcame . . . was the question of which law would apply in the case of nationalization and compensation. The host countries said national law. The western countries said international law. Other related problems were issues of jurisdiction, transfer of profits, settlement of disputes, and political intervention" (Mousouris 2003).

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1792