Adam Smith Quotes

Domination and monopoly is the name of the game in the web marketplace.

The consumer knows that his prices are made for him by those who control the avenues of trade and the highways of commerce.

With competition, prices tend to be uniform; with monopoly, prices are uniformly high.

Every monopoly and all exclusive privileges are granted at the expense of the public.

To control the American market is to own America.

Where there's a lack of competition - as we saw with Mylan Pharmaceutical's virtual monopoly on EpiPen - price increases often follow.

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. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty or justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary.

Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting disruption of prices.

With less competition, corporations can use their power to raise prices, limit choice for consumers, cut wages for workers, crowd out start-ups and small businesses.

The first principle of the market economy is that it is comprised of many small buyers and sellers, which implies a substantial degree of equity. Another fundamental market principle is that costs are internalized in the producer's price.

When you talk about the economic process of a society, sometimes we separate it into two stories. One is about monetary variables. But then, we very often assume the underlying arrangement, the other variable, is 'perfect competition,' which means people do whatever they are supposed to do.

We no longer have a free market in the United States, we have a government controlled free market.

Many of our constituents have one option for cable TV and one price. Our constituents desire choice.

A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely.

The industry now wants to be in charge of everything.

We don't have a monopoly. We have market share. There's a difference.

You'll have lower prices under deregulation than you will through regulation.

Prices have stayed up because people in control of supply decided they could keep them up.

The holder of a monopoly is a sinner and offender.

We ... deceive ourselves in believing that competition can secure for the public fair treatment in such cases.

Tough enforcement of the antitrust laws can help prevent a recurrence of inflation by attacking abuses of economic power.

Only God can fix prices.

The most frequent request we get at the FCC is from companies who say, “Please regulate my rival.” The Commission can become a new tool for competitive strategy.

These great forces are in such combination and agreement that it is well-nigh impossible for honest competition to be set up against them.

The citizens of the several States composing the Union are entitled, of right, to buy goods in the State where they are manufactured, or in any other State, without being confronted by an illegal combination whose business extends throughout the whole country, which by the law everywhere is an enemy to the public interests, and which prevents such buying, except at prices arbitrarily fixed by it. I insist that the free course of trade among the States cannot coexist with such combinations.