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Adam Smith Quotes About Monopoly

We have collected for you the TOP of Adam Smith's best quotes about Monopoly! Here are collected all the quotes about Monopoly starting from the birthday of the Philosopher – June 5, 1723! We hope you will be inspired to new achievements with our constantly updated collection of quotes. At the moment, this page contains 2 sayings of Adam Smith about Monopoly. We will be happy if you share our collection of quotes with your friends on social networks!

  • 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.

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    Adam Smith
    An Inquiry into the Nature and Causes of the Wealth of Nations vol. 1, bk. 1, ch. 10 (1776)

  • A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures. The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate.

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    Adam Smith
    Adam Smith, James R. Otteson (2004). “Adam Smith: Selected Philosophical Writings”, p.114, Imprint Academic
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Adam Smith

  • Born: June 5, 1723
  • Died: July 17, 1790
  • Occupation: Philosopher
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