I’ve long wanted to understand and maybe write about international commercial arbitration. It’s of enormous economic importance and hugely interesting as a matter of legal theory—especially if you’re skeptical of legal positivism (as I am) and fond of contractual arrangements and competition among legal systems (ditto). The American system, post-New Deal, traps commercial actors in multiple hostile legal forums: that’s Erie Railroad, which is organized hell. The international commercial system seems to be that parties choose an impartial, exclusive forum by contract, which sounds heavenly by comparison. How exactly does that work? Unfortunately I’m no expert, and unlikely to become one.