rich and powerful mobilization

[Michael Perelman]

Smith, Wealth of Nations,  I.x.c.27, p. 145     "People of the same trade
seldom meet together, even for merriment and diversion, but the
conversation ends in a conspiracy against the publick, or in some
contrivance to raise prices.  It is impossible to prevent such meetings,
by any law which either could be executed, or would be consistent with
liberty and justice.  But though the law cannot hinder people of the same
trade from assembling together, it ought to do nothing to facilitate such
assemblies."

Marta Russell wrote:


> The political economy truism that the rich and powerful mobilize state
> power to serve their interests was formulated by Adam Smith.
>
> Does anyone know readily (easily) where I can find this quote:
>
> People of the ame trade seldom meet together but the conversation ends
> ina consipiracy against the public, or in some diversion to raise
> prices.
>
> Marta Russell

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu