The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention.
It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.
To widen the market and to narrow the competition is always the interest of sellers
14 Jun 2014 Leave a comment
in Adam Smith, economics of regulation, Public Choice, rentseeking Tags: competition and monopoly, The wealth of nations
Utopia, you are standing in it! 
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