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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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Transnational Governance: Institutional Dynamics of Regulation

Marie-Laure Djelic, Kerstin Sahlin-Andersson - 2006
...types of obstacles. Market players themselves could introduce disruption and "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" (Smith 1999: I, x, 232). This part of Smith's argument...
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Innovation and Entrepreneurship in Biotechnology, an International ...

Damian Hine, John Kapeleris - 2006 - 288 páginas
...mercantilist, the merchant class. His distrust is evident in his passage, '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' (Smith 1776 [1986]). The forerunner of the modern-day...
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The Paradox of Democratic Capitalism: Politics and Economics in American Thought

David F. Prindle, Professor David F Prindle - 2006 - 368 páginas
...production in order to pump up their own profits. Smith's observation that "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," becomes, for Veblen, the central principle of the...
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The Economics of Competition: The Race to Monopoly

George Djolov - 2006 - 322 páginas
...is no different to what Smith ([1812] 1937, p. 116) described, namely that: 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 indeed to prevent such meetings, by...
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The McCarran-Ferguson Act: Implications of Repealing the Insurers' Antitrust ...

United States, United States. Congress. Senate. Committee on the Judiciary - 2006 - 156 páginas
...Thank you, Mr. Chairman, Ranking Member Leahy. Adam Smith wrote this 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." That is why we passed antitrust laws. But in insurance,...
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Emergent Economies, Divergent Paths: Economic Organization and International ...

Robert C. Feenstra, Gary G. Hamilton - 2006
...fully agreeing with the aphorism of Adam Smith in the "Wealth of Nations that "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," 5 but are revising this to a context where business...
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The Intellectual Property Debate: Perspectives from Law, Economics and ...

Meir Perez Pugatch - 2006 - 392 páginas
...quality is hardly surprising, nor is the idea new. As Adam Smith pointed out: 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 indeed to prevent such meetings, by...
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International Competition Law: A New Dimension for the WTO?

Martyn D. Taylor - 2006
...should not be underestimated. As Adam Smith cynically commented in 1776: 'People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in conspiracy against the public, or in some contrivance to raise prices'.33 With this in mind, competition...
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Democracy, Equality, and Justice: John Adams, Adam Smith, and Political Economy

John E. Hill - 2007 - 265 páginas
...monopoly.1'' Smith had no faith that businessmen believed in the free market. "People of the same trade seldom meet together, even for merriment and diversion,...publick, or in some contrivance to raise prices." Wealth of Nations contains repeated criticisms of "the wretched spirit of monopoly."40 Very early in...
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A General Theory of Trade and Competition: Trade Liberalisation and ...

Shanker Singham - 2007 - 551 páginas
...the Wealth of Nations, (Pub. 1776, Ed. Edwin Cannon, Random House, 1994). " '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'. only so far as it may be necessary for promoting that...
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