Gambling: The shaping of an opinion

Examining historical and contemporary writings, the authors show that many of the negative arguments about gambling spring from selfish interests in the business and political sectors. The stigma associated with gambling turns out to be a method of preventing competition from gambling, and leads to misguided social policies.The authors are, respectively, associate professor of economics at the Business School of the University of Montreal (HEC), and professor of economics in the department of economics of the University of Montreal. The paper draws on our recently published bookGambling and Speculation (Cambridge University Press, 1990), as well as on events that took place since we finished writing it. We thank Loto-Québec for its financial support.