Quotes · Quote card
Quotation from The Wealth of Nations by Adam Smith
“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.”
The Wealth of Nations, Book I, ch. x, Part II (Project Gutenberg #3300 text)
Smith's warning about combinations of producers, in the discussion of corporations and the policies of Europe.
Citation: "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." — Adam Smith, The Wealth of Nations, Book I, ch. x, Part II (Project Gutenberg #3300 text). (id the-wealth-of-nations-q5)
Portrait: Wealth of Nations, Gerhard Streminger, Public domain.
