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The public decision-making process governing the issue of casino gambling tends to lead to wrong outcomes, and the studies typically provided to justify the phenomenon are conceptually flawed. Seeking to describe what true economic development is, this study establishes the framework for a valid cost-benefit analysis to assess whether it actually occurs and its methods can be applied to the casino industry in America. Accounting for a wide range of economic and social factors, Earl Grinols concludes that the social costs of casino gambling considerably outweigh their social benefits.Read more
- A far-reaching analysis of the social costs and social benefits of American gambling
- Author balances positive features such as economic growth, employment, empowerment against costs of suicide, theft, embezzlement, alcoholism, etc. caused by gambling
- Tone is even-handed throughout, no math, arguments done in narrative
Reviews & endorsements
"Earl L. Grinols is … clearly a man of great influence on significant American decision-makers. Gambling in America is a personal quest - a worthy, earnest and quietly passionate look at how we should examine the industry and make decisions about expanding casino empires."
Sam Marsden, jackpot.co.uk
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- Date Published: December 2009
- format: Paperback
- isbn: 9780521124171
- length: 248 pages
- dimensions: 229 x 152 x 14 mm
- weight: 0.37kg
- availability: Available
Table of Contents
3. Agents and incentives
4. Economic development
5. Cost-benefit analysis
6. Social benefits
7. Social costs
8. The present and the future.
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