Skip to main content

Daily Inspiration Quote by George 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"

About this Quote

Strip away the polite fiction of “professional camaraderie” and you get a darker claim: when insiders gather, self-interest quietly outruns the public good. The line works because it weaponizes understatement. “Even for merriment and diversion” is a wink at respectability; the very idea that a trade meeting could be innocent is treated as naive. Then comes the pivot to “conspiracy” and “contrivance,” words that make collusion sound less like a rare crime and more like an occupational reflex.

The subtext is theological as much as economic. As a clergyman writing in a Britain defined by industrial consolidation and class anxiety, Adam Smith (the name alone carries a deliberate echo) frames market behavior as a moral problem: temptation thrives in groups. It’s not that individuals are uniquely corrupt; it’s that shared incentives create a ready-made script. Put competitors in the same room and “conversation” becomes a tool - language doing the work of coordination, rationalization, and mutual permission.

Context matters here: late-19th and early-20th century Britain saw rising professional associations, unions, cartels, and gentleman’s agreements. The quote anticipates modern antitrust logic and also modern PR logic: price-fixing rarely announces itself as greed. It arrives dressed as “standards,” “stability,” “protecting the trade.” The line’s bite is its refusal to romanticize the guild. Solidarity, it suggests, is often just exploitation with better manners.

Quote Details

TopicBusiness
SourceAdam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (1776), Book I, ch. X — contains the passage beginning "People of the same trade seldom meet together..."
Cite

Citation Formats

APA Style (7th ed.)
Smith, George Adam. (2026, January 15). 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. FixQuotes. https://fixquotes.com/quotes/people-of-the-same-trade-seldom-meet-together-142398/

Chicago Style
Smith, George Adam. "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." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/people-of-the-same-trade-seldom-meet-together-142398/.

MLA Style (9th ed.)
"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." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/people-of-the-same-trade-seldom-meet-together-142398/. Accessed 22 Feb. 2026.

More Quotes by George Add to List
People of the Same Trade Conspiracy Against the Public
Click to enlarge Portrait | Landscape

About the Author

Scotland Flag

George Adam Smith (October 19, 1856 - 1942) was a Clergyman from Scotland.

View Profile

Similar Quotes