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Adam Smith: When masters combine together in order to reduce the wages of their workmen, they commonly enter into a private bond or agreement not to give more than a certain wage under a certain penalty. Were the workmen to enter into a contrary combination of the same kind, not to accept of a certain wage under a certain penalty, the law would punish them very severely; and if it dealt impartially, it would treat the masters in the same manner. (The Wealth of Nations, p. 164—I.X.I)
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Related posts: Who ate my cheese? http://dejavu-times.blogspot.com/2010/05/who-ate-my-cheese.html
Beyond the Mark: http://dejavu-times.blogspot.com/2009/12/beyond-mark_14.html
Wealth Redistribution: http://dejavu-times.blogspot.com/2008/10/wealth-redistribution.html
