© Copyright © 2016 by Intel Corp. 2016

Steve Grobman and Allison Cerra, The Second Economy, 10.1007/978-1-4842-2229-4_2

2. The Second Nature of Markets

Steve Grobman and Allison Cerra2

(1)Santa Clara, California, USA

(2)Plano, Texas, USA

History shows that where ethics and economics come in conflict, victory is always with economics.

—B. R. Ambedkar, Indian jurist, economist, politician and social reformer 1

“Dear Mummy, Since Monday I have fallen into the hands of kidnappers. Don’t let me be killed.” 2 The ransom note could hardly be believed. The supposed victim, the 16-year-old grandson of one of the richest men in the world, had reportedly confided in a girlfriend that a simulated kidnapping would be the only way to extract money from his ...

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