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Adam Smith on employers' bargaining power
European Welfare States 2 Years, 5 Months, 6 Days, 21 Hours, 13 Minutes ago
"We rarely hear, it has been said, of the combination of masters; though frequently of those of workmen. But whoever imagines, upon this account, that masters rarely combine, is as ignorant of the world as of the subject" (Smith in the wealth of nati...