Ode to Adam Smith

February 1985
Progressive;Feb85, Vol. 49 Issue 2, p12
Comments on court records showing that the major oil companies in the 1970s were in collusion to maintain unnaturally high prices. Conspiracy among giant oil refiners to concoct fuel shortages during the Organization of the Petroleum Exporting Countries (OPEC) embargo; Difference between market theory and actual practice.


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