THE CASINO EFFECT OF T

E Ray Canterbery

Chapter 15 in Inequality and Global Supra-surplus Capitalism, 2018, pp 235-243 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The idea of a casino and speculation at its tables is not new. Casino Baden–Baden in Germany has been operating since 1809. It is one of the most exclusive and elegant in all of Europe and features 14 table games, for American roulette, Baccarat, French roulette, and poker. Despite this attraction, most people come to Baden–Baden for its therapeutic mineral springs. Still, no visit would be complete without a visit to the Casino’s tables. Perhaps most famous is the Casino de Monte Carlo, which has been attracting visitors, including royalty, movie stars, and the world’s filthy rich since 1863. It is the top tourist attraction in tiny Monaco. Macao, China is known as “the Monte Carlo of the Orient,” in part because of the Venetian Macao, which has over 800 table games. The Venetian is also the largest hotel in Asia. It’s enough to make Donald Trump envious. There are dozens of casinos in Moscow but the most elegant is the Casino Metropol, located just a few minutes from Red Square and the Kremlin.

Keywords: Capitalism; Production Surpluses; Supra-surpluses; Casino Economy; Inequality; Vita Theory; Great Recession; Subsistence; Minimum Wage; Markup; Kaleckian Power; Stagnation; Innovation; Technological Advance; Income Distribution; Wealth Distribution; Fiscal Policy; Monetary Policy; Incomes Policy; Zero-interest Rate Society; Trump; 2016 Campaign; John Kenneth Galbraith; Conventional Wisdom; Expectations; Budget Shares; Veblenian Demand; Engel's Law; Casino Effect; Economic Power (search for similar items in EconPapers)
JEL-codes: N00 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789813200838_0015 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789813200838_0015 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789813200838_0015

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().