...free-market economics and author of The Wealth of Nations, "People of the same trade seldom meet together, but the conversation ends in a conspiracy against...the public, or in some contrivance to raise prices." From time immemorial, businesses have tried to control prices and output, formally and informally....

...day less and less, (1 776, bk. 4, chap. 7, 1] 147) Finally, Smith is well known for having written, People of the same trade seldom meet together, even...the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would...

...Voraussicht bereits der Urvater der Liberalen Adam Smith ( 1 723-1790) in seinem Werk von 1776 formuliert25: „People of the same trade seldom meet together,...the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would...

...endeavor to explain as fully and distinctly as I can in the third and fourth books of this inquiry. the established plan of education. Those improvements...introduced into some of the poorer universities, It is impossible, indeed, to prevent such meetings, by any law which either could be executed, or would...

...1976, 4 Smith (1937, p. 128): "People of the same trade seldom meet together, even for merriment or diversion, but the conversation ends in a conspiracy...the public, or in some contrivance to raise prices. ...The law ... ought to do nothing to facilitate such assemblies; much less to render them necessary."...

...respect, the significance of Smith's observation that "people of the same trade seldom meet together, but the conversation ends in a conspiracy against the public, or in some diversion to raise prices." After all, those pursuing self-interest to the exclusion of all else will,...