Abstract
There is hardly an economic policy-whether for the levying of income tax or an urban real estate tax, or for tariff protection of domestic industry, or for subsidies to depressed industries, or for minimal regulation of foreign investment or of road traffic, or for conservation of forests, or for provision of rural credit to farmers, or for priorities in investment credit by state banks, or for social welfare services or development projects of every kind-which, whatever its economic or technical merits, does not need to be weighed-and often ruled out-almost wholly on grounds of its administrative impracticability in the face of corruption. (H. W. ARNDT)5
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