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" People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. "
Pioneers of Industrial Organization: How the Economics of Competition and ... - Página 10
editado por - 2007 - 352 páginas
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Investigation of the National Recovery Administration: Hearings Before the ...

United States. Congress. Senate. Committee on Finance - 1935
...tends to monopoly. Senator BLACK. You do not agree with this statement then: People of the same trade seldom meet together even for merriment and diversion...the conversation ends in a conspiracy against the public or in some contrivance to raise prices. Mr. WILLIAMS. I do not think that is so. I do not know...
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Federal Licensing of Corporations: Hearings Before a Subcommittee of the ...

United States. Congress. Senate. Committee on the Judiciary - 1937
...connection the shrewd remark of Adam Smith some 160 years ago when he wrote, "People of the same trade seldom meet together, even for merriment and diversion,...the conversation ends in a conspiracy against the public or in some contrivance to raise prices." I know the defense which is made for both open-price...
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Federal Licensing of Corporations: Hearings Before a Subcommittee of the ...

United States. Congress. Senate. Committee on the Judiciary - 1937
...connection the shrewd remark of Adam Smith some 160 years ago when he wrote, ''People of the same trade seldom meet together, even for merriment and diversion,...the conversation ends in a conspiracy against the public or in some contrivance to raise prices." I know the defense which is made for both open-price...
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Unemployment and Relief: Hearings Before a Special Committee to Investigate ...

United States. Congress. Senate. Special Committee to Investigate Unemployment and Relief - 1938
...connection the shrewd lemark of Adam Smith some 160 years ago when he wrote: People of the same trade seldom meet together, even for merriment and diversion,...the conversation ends in a conspiracy against the public or in some contrivance to raise prices. I know the defense which is made for both open-price...
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Investigation of Concentration of Economic Power: Hearings Before the ...

United States. Congress. House. Temporary National Economic Committee - 1939
...Fetter, may I ask two more questions? You will recall this language, I am sure. "People of the same trade seldom meet together even for merriment and diversion...the conversation ends in a conspiracy against the public or in some contrivance to raise prices. It is impossible to prevent such meeting? by any law...
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Investigation of Concentration of Economic Power, Temas21-23

1940
...quality, service, price, or terms of sale. As Adam Smith remarked in 1776, ''People of the same trade seldom meet together, even for merriment and diversion,...the conversation ends in a conspiracy against the public or in some contrivance to raise prices." 2* COST ACCOUNTING Conspicuous among association activities...
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The Bigness Complex: Industry, Labor, and Government in the American Economy ...

Walter Adams, James W. Brock - 1986 - 386 páginas
...among themselves worldwide. The Public Policy Options "People of the same trade," Adam Smith observed, "seldom meet together, even for merriment and diversion,...the conversation ends in a conspiracy against the public or some contrivance to raise prices." How to counteract this apparently irresistible temptation...
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Law and Practice of International Commercial Arbitration

Alan Redfern, Martin Hunter - 2004 - 659 páginas
...competition laws Adam Smith, writing in the eighteenth century, said: 3-16 "People of the same trade seldom meet together, even for merriment and diversion,...the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."51 This early distrust of monopolies and cartels finds...
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Economics: The Basics

Tony Cleaver - 2004 - 231 páginas
...Wealth of Nations from which the quote earlier was taken, Smith also wrote: 'People of the same trade seldom meet together, even for merriment and diversion,...the conversation ends in a conspiracy against the public, or in some contrivance to raise prices/ It is a warning to public authorities everywhere that...
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How Cartels Endure and how They Fail: Studies of Industrial Collusion

Peter Z. Grossman - 2004 - 324 páginas
...Fix Prices? Andrew R. Dick* I. INTRODUCTION Adam Smith's famous remark that 'People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy to raise prices', summarizes a widely-held belief that firms have a natural incentive to collude. In...
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