...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...conversation ends in a conspiracy against the public, or in some contrivance to raise prices'.89 In (c) however there is no agreement to meet, merely a unilateral...

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

...which it did not have a monopoly.1'' Smith had no faith that businessmen believed in the free market. "People of the same trade seldom meet together, even...the conversation ends in a conspiracy against the publick, or in some contrivance to raise prices." Wealth of Nations contains repeated criticisms of...

...recognized as being of nationwide importance? The famous sentence about the 'People of the same trade, [who] seldom meet together, even for merriment and diversion,...the conversation ends in a conspiracy against the publick, or in some contrivance to raise prices' appears in the middle of an extended discussion of...

...endeavor to explain as fully and distinctly as I can in the third and fourth books of this inquiry. People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible, indeed, to prevent such meetings, by any law...

...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...conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which...

...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,...conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which...

...preferences of the parties and the costs of fulfilling those preferences. As Smith had so famously warned, "people of the same trade seldom meet together, even...merriment and diversion, but the conversation ends in conspiracy against the public, or in some contrivance to raise prices" ([1776] 1937, 128). However,...

...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 against the public, or in some contrivance to raise prices. ...The law ... ought to do nothing to facilitate such assemblies;...