...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...

...the baker that we expect our dinner, but from regard to their own interest. 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. Monopoly of one kind or another, indeed, seems to be...

...political priorities and not shortages. '" As Adam Smith famously observed: "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, 1:10:2. nation that a well-functioning...

...believed was inherent of economic actors. In a much-quoted sentence he writes, '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 continues to note that 'it is impossible indeed...

...and special interests. ln one of his more famous passages, he complained, "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" (128). His goal was to convince legislators to resist...

...opportunity. 103 LIST OF ACTIONS I CAN TAKE CHAPTER NINE Getting Higher Market Prices 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. —Adam Smith (1723-1790) Growing up in Australia,...

...EU Case Statistics on Articles 81, 82 and Merger Investigations 138 VIII "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. " "The interest of dealers, however, in any particular...

...Nor have they invariably supported free markets. According to Adam Smith, "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, The Wealth of Nations, New York: The Modern...

...sanction competitors reinforces its monopoly position. As Adam Smith notes, "People of the same trade seldom meet together, even for merriment and diversion,...the conversation ends in a conspiracy against the public" ([1776] 1937, 128). The reasonable argument that protection firms would cooperate to avoid...

...agreements in the majority of industries in America. Adam 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 raise prices" seems to have held true for many of the NRA code negotiations...