Is Gambling an “Unproductive” Activity?

Douglas Walker ()

Chapter Chapter 15 in Casinonomics, 2013, pp 197-202 from Springer

Abstract: Abstract Among the criticisms of gambling and the casino industry is the claim that gambling is a waste of time, or worse a “directly unproductive profit-seeking” (DUP) activity. Clearly, gambling is a form of entertainment, like golf, tennis, snow skiing, or watching television and movies. Some gamblers may develop a gambling problem, and we should be concerned with that. But it is inappropriate to classify gambling by professionals, for example, as a wasteful activity.

Keywords: Gross Domestic Product; Gambling Problem; Rent Seek; Casino Gambling; Wasteful Activity (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-1-4614-7123-3_15

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DOI: 10.1007/978-1-4614-7123-3_15

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