"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
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
| Topic | Business |
|---|---|
| Source | Adam 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.










