Casinonomics pp 197-202

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Is Gambling an “Unproductive” Activity?

  • Douglas M. Walker
Chapter

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.

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Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  • Douglas M. Walker
    • 1
  1. 1.Department of Economics & FinanceCollege of CharlestonCharlestonUSA

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