...points as follows. There is. however, a substantial economic case to be made against gambling. First, it involves simply sterile transfers of money or goods..."kill" time, gambling subtracts from the national income.1 The second way in which gambling differs from other entertainment is that it imposes costs...

...Paul Samuelson, has warned us: "There is a substantial economic case to be made against gambling. It involves simply sterile transfers of money or goods...resources. When pursued beyond the limits of recreation . . . gambling subtracts from the national income." A high official in Nevada told me, "If we could...

...activities as follows: "There is — a substantial economic case to be made against gambling. First, it involves simply sterile transfers of money or goods...time, gambling subtracts from the national income. The second economic disadvantage of gambling is the fact that it tends to promote inequality and instability...