Economics at stake
BBC News reports today that Professor Leighton Vaughan Williams, director of the Betting Research Unit at Nottingham Trent University, said:
I’m not a sociologist, I’m not a psychologist, I’m not a moralist, I don’t come from that more philosophy [sic] background. I’m an economist, and what I’m saying is that this has been massively good for the economy in terms of productivity, and it’ll create a lot of jobs as the casinos come through and it’ll create a massive amount of inward investment.
At the risk of being accused of not being intellectually rigorous, I daresay that if a certain definition of “productivity” affords the anomalous result that an increase in gambling boosts “productivity”, then – as intuition and common sense would direct – the definition is likely to be useless and needs to be challenged and revised.
Both comments and pings are currently closed.