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, Wealth of Nations.
May 21, 2008 by dadavidovich
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, Wealth of Nations.
[...] 23, 2008 by dadavidovich Lately, I have been thinking a lot about cartels. They are, of course, a subject of great concern to both lawyers and economists. Usually, the study [...]