...Schmidt, Wettbewerbspolitik, S. 3 f. 58 Smith, Wealth of Nations, S. 144 [Book I Chapter X Part II]: „People of the same trade seldom meet together,...conversation ends in a conspiracy against the public, or in some contrivance to raise prices." Vgl. hierzu auch Drexl, Selbstbestimmung, S. 93 mwN.; Tuchtfeldt,...

...very well, which he believed was inherent of economic actors. In a much-quoted sentence he writes, 'people of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices.' Smith continues to note that 'it is impossible indeed to prevent...

...PublicAffairs, 2005, 273. 4. Nor have they invariably supported free markets. According to Adam Smith, "People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices." Smith, The Wealth of Nations, New York: The Modern Library, 1994,...

...that would serve the special interests of producers rather than the general interests of consumers: "People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices."30 He also did not argue that self-interest is always good. He...

...populations is a result of political priorities and not shortages. '" As Adam Smith famously observed: "People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices." Smith 1776, 1:10:2. nation that a well-functioning welfare state...

...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...

...no apologist for merchants and special interests. ln one of his more famous passages, he complained, "People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices" (128). His goal was to convince legislators to resist supporting...

...Caseloads, 1908-2005 135 Figure 4: EU Case Statistics on Articles 81, 82 and Merger Investigations 138 VIII "People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices. " "The interest of dealers, however, in any particular branch...

...PublicAffairs, 2005, 273. 4. Nor have they invariably supported free markets. According to Adam Smith, "People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices." Smith, The Wealth of Nations, New York: The Modern Library, 1994,...

...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...