Price fixing

Explore 1 quote about Price fixing

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

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More information about this quote

Topic

Price fixing Prices Antitrust Conspiracy Corruption

Author

Adam Smith

Source

The Wealth of Nations

Genre

Economic literature

Language

English

Time

1776 1770s 18th century

Era

Age of Enlightenment

Authentication Score 2

Original Citation

Smith, Adam. The Wealth of Nations. Vol. 1, London: W. Strahan and T. Cadell, 1776, bk. 1, ch. 10, pt. 2.

Current Citation

Smith, Adam. The Wealth of Nations, edited by Edwin Cannan. The Modern Library, bk. 1, ch. 10, pt. 2.