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Is Gambling an “Unproductive” Activity?

In: Casinonomics

Author

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  • Douglas M. Walker

    (College of Charleston)

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.

Suggested Citation

  • Douglas M. Walker, 2013. "Is Gambling an “Unproductive” Activity?," Management for Professionals, in: Casinonomics, edition 127, chapter 0, pages 197-202, Springer.
    • Handle: RePEc:spr:mgmchp:978-1-4614-7123-3_15
    DOI: 10.1007/978-1-4614-7123-3_15
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