...PublicAffairs, 2005, 273. 4. Nor have they invariably supported free markets. According to Adam Smith, "People of the same trade seldom meet together, even...the public, or in some contrivance to raise prices." Smith, The Wealth of Nations, New York: The Modern Library, 1994, first published 1776, 148. 5. "For...

...very well, which he believed was inherent of economic actors. In a much-quoted sentence he writes, 'people of the same trade seldom meet together, even...the public, or in some contrivance to raise prices.' Smith continues to note that 'it is impossible indeed to prevent such meetings, by any law which either...

...upward at every opportunity. 103 LIST OF ACTIONS I CAN TAKE CHAPTER NINE Getting Higher Market Prices People of the same trade seldom meet together, even...the public, or in some contrivance to raise prices. —Adam Smith (1723-1790) Growing up in Australia, one gets told as a school student the story of the...

...PublicAffairs, 2005, 273. 4. Nor have they invariably supported free markets. According to Adam Smith, "People of the same trade seldom meet together, even...the public, or in some contrivance to raise prices." Smith, The Wealth of Nations, New York: The Modern Library, 1994, first published 1776, 148. 5. "For...

...Caseloads, 1908-2005 135 Figure 4: EU Case Statistics on Articles 81, 82 and Merger Investigations 138 VIII "People of the same trade seldom meet together, even...the public, or in some contrivance to raise prices. " "The interest of dealers, however, in any particular branch of trade or manufacturers, is always...

...butcher, the brewer, or the baker that we expect our dinner, but from regard to their own interest. People of the same trade seldom meet together, even...the public, or in some contrivance to raise prices. Monopoly of one kind or another, indeed, seems to be the sole engine of the mercantile system. Consumption...

...their goods without having to take risks, innovate, or work more efficiently. As Smith famously wrote, "People of the same trade seldom meet together, even...against the public, or in some contrivance to raise prices."61 Regrettably, the conversation rarely stops among themselves. It invariably results in efforts...

...that would serve the special interests of producers rather than the general interests of consumers: "People of the same trade seldom meet together, even...against the public, or in some contrivance to raise prices."30 He also did not argue that self-interest is always good. He believed that self-interest...

...these meetings were not social occasions: their purpose was anticompetitive.88 As Adam Smith put it, 'people of the same trade seldom meet together, even...against the public, or in some contrivance to raise prices'.89 In (c) however there is no agreement to meet, merely a unilateral and unsolicited offer...

...enforcer of cartel agreements in the majority of industries in America. Adam Smith's observation that "people of the same trade seldom meet together, even...conspiracy against the public, or in some contrivance raise prices" seems to have held true for many of the NRA code negotiations (Smith 1937, 128). The...