Gambling; or, Fortuna, her temple and shrine.: The true philosophy and ethics of gamblingRomain, James Harold
Philosophy
Gambling; or, Fortuna, her temple and shrine.: The true philosophy and ethics of gambling
Romain, James Harold
Gambling
Yes, but is not gambling a destructive luxury? Is it not a wasteful
expenditure of money? I answer, what is luxury, and is it always
an evil? Roscher well says: “The idea conveyed by the word is an
essentially relative one.” Every individual calls all expenditure with
which he chooses to dispense, a luxury. The same is true of every age
and nation. “’Tis a word without any specific idea,” wrote Voltaire,
“much such another expression as when we say Eastern and Western
hemispheres: in fact, there is no such thing as East and West; there is
no fixed point where the earth rises and sets; or, if you will, every
point on it is, at the same time, East and West. It is the same with
regard to luxury; for either there is no such thing, or else it is
in all places alike.... Do we understand by luxury the expense of an
opulent person? Must he, then, live like the poor, he whose profusion,
alone, is sufficient to maintain the poor? Expensiveness should be the
thermometer of a private person’s fortune, as general luxury is the
infallible mark of a powerful and flourishing empire.... Money is made
for circulation. He who hoards it is a bad citizen, and even a bad
economist. It is by dissipating it we render ourselves useful to our
country and ourselves.” David Hume also thought the word of uncertain
signification. He said: “The bound between virtue and vice cannot here
be exactly fixed, more than in other moral subjects. To imagine that
the gratification of any sense, or the indulging of any delicacy, is
of itself a vice, can never enter into a head that is not disordered
by the frenzies of enthusiasm. These indulgences are only vices,
when they are pursued at the expense of some virtue, as liberality
of charity; in like manner as they are follies, when a man ruins his
fortune and reduces himself to want and beggary.” Again, William
Roscher, the political economist, was of opinion that “prodigality is
less odious than avarice; less irreconcilable with certain virtues;”
and that “prodigality, directly or indirectly, increases the demand for
commodities.” We know the Epicureans and Stoics were reproached with
being bad citizens, because their moderation was a hindrance to trade.
Gambling is no more a luxury than many other practices of mankind. Some
persons may prefer it as a pastime to any other form of luxury. Who is
to decide a question of taste and expense but the individual concerned?
One man indulges lavishly in pictures, books, and clothes; another is
prodigal in the matter of tobacco and liquors; a third delights in the
excitement of chance. All these inclinations are luxurious. Which is
preferable to each, is not for society to determine in one case, more
than in the others. In a word, the phases of luxury are so variable and
extensive that it is equally unjust and impracticable for the state to
discriminate unfavorably.
Public-domain text, read in full here on John Shaqi.
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