This is one of those cases in which the imagination is baffled by the facts. – Adam Smith
The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence. – Adam Smith
The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals. – Adam Smith
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