...connotation attached to cooperation among economic agents is clearly expressed by Adam Smith, who observed 'people of the same trade seldom meet together, even...the public, or in some contrivance to raise prices' (1976, 144). This theme is an integral part of the modern theory of the firm, where the importance...

...rational stewardship of the environment. Issue 4 Imperfect Competition Is Big Business a Threat or a Boon? People of the same trade seldom meet together, even...the public, or in some contrivance to raise prices. — Adam Smith, 1776 Every contract, combination in the form of trust or otherwise, or conspiracy,...

...has been shaped by Adam Smith's famous observation, made in his 1776 book The Wealth of Nations, that "people of the same trade seldom meet together, even...the public, or in some contrivance to raise prices." What would he have thought about MasterCard and Visa? Tens of thousands of financial institutions work...

...However, capitalists can be the enemies of capitalism and the efficient working of markets. Smith noted: People of the same trade seldom meet together, even...against the public, or in some contrivance to raise prices.2 Zealand and Australia, the Royal Colleges are bulwarks, which, in the name of 'quality control',...

...rate." (Smith (1775) S. 80). Für Zusammenschlüsse vertritt Smith (1775) S. 143 folgende Auffassung: „People of the same trade seldom meet together....against the public, or in some contrivance to raise prtces." Zusammenschlüssen wechselseitige Beziehungen.31 Als Bezeichnung für das zwiespältige Handeln...

...Smith's concern that the influential may shape markets to serve the interests of incumbents. As he said, "People of the same trade seldom meet together, even...against the public, or in some contrivance to raise prices."1 The main purpose of this chapter is not to diagnose from where such pathologies came but...

...suspicious also of their social activities. 'People of the same trade seldom meet together,' he observed, 'even for merriment and diversion, but the conversation...the public, or in some contrivance to raise prices.' 45 If only the masters could be kept apart and be deprived of the means of communicating with each...

...In a famously cynical remark, Smith argues that firms will seek to restrict competition if they can: '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' (Smith 1976/1776: 145). Where one supplier captures...

...consumers), particularly suspicious of business: "People of the same profession or trade meet together but the conversation ends in a conspiracy against the public or in some diversion to raise prices." But despite the misgivings that Smith evinced toward capitalists, he assigned...

...Edinburgh, was no friend to the mercantilist, the merchant class. His distrust is evident in his passage, 'people of the same trade seldom meet together, even...the public, or in some contrivance to raise prices' (Smith 1776 [1986]). The forerunner of the modern-day antitrust, anti-competitiveness laws can be seen...