 | Joseph E Stiglitz - 2006 - 396 sider
...anti-competitive behavior has been evident since the birth of economics: as Adam Smith put it, "People of the same trade seldom meet together, even for merriment and...against the public, or in some contrivance to raise prices."1s When there is a lack of competition, the potential for abuses of multinationals grows much... | |
 | Alan Birch - 2005 - 432 sider
...Smith to the ironmasters' meetings, but it is possible that his famous remark, 'People of the same trade seldom meet together, even for merriment and...against the public, or in some contrivance to raise prices',5 had the ironmasters in mind. Be that as it may, certainly the quarterly meetings taking place... | |
 | Margaret Schabas - 2009 - 208 sider
...and uniform combination, not to raise the wages of labour above their actual rate. People of the same trade seldom meet together, even for merriment and...the conversation ends in a conspiracy against the publick, or in some contrivance to raise prices. (Smith 1776/1976, 1:84, 145; see also Denis 1999)... | |
 | Daniel Breazeale, Tom Rockmore - 2006 - 192 sider
...postulates a conspiratorial hypothesis at the heart of his economic theory, namely that people 'of the same trade seldom meet together, even for merriment and...the conversation ends in a conspiracy against the public'.6 Despite all this, conservatives are unlikely to be convinced by the Left's denials that it... | |
 | Jack B. Siegel - 2006 - 742 sider
...Adam Smith pointed out long ago: 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 con340 trivance to raise prices. From an antitrust perspective, trade associations pose two sets of... | |
 | Martyn D. Taylor - 2006 - 49 sider
...conduct 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... | |
 | David Warsh - 2006 - 456 sider
...attempts to interfere with the free play of the market. "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." Collusion for a time can make it so. In these situations, government has... | |
 | Bruce Abramson - 2007 - 428 sider
...the first front, Adam Smith had framed antitrust's existential quandary in 1776: People of the same trade seldom meet together, even for merriment and...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... | |
 | Mark Skousen - 2007 - 280 sider
...merchants and special interests. ln one of his more famous passages, he complained, "People of the same trade seldom meet together, even for merriment and...the public, or in some contrivance to raise prices" (128). His goal was to convince legislators to resist supporting the vested interests of merchants... | |
 | Mark Steiner - 2007 - 200 sider
...Figure 4: EU Case Statistics on Articles 81, 82 and Merger Investigations 138 VIII "People of the same trade seldom meet together, even for merriment and...the public, or in some contrivance to raise prices. " "The interest of dealers, however, in any particular branch of trade or manufacturers, is always... | |
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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. 
