Page:Indian Journal of Economics Volume 2.djvu/10

2 H. S TA lgLE Y JE VOIgS aimed at; nor of any orderly sequence of woYks and measures such as might be designed to secure a maxi- mum of ultimate advantage at the minimum of cost, and at the same time distributing burden and advantage fairly between the present and future generations. geographical knowledge now advanced to the Yet have to devise such a sequence. Instead of every project for a new railway, or for more roads, being considered by itself and on its own merits alone, as is the usual practice, it is clearly shown by economic theory that such projects sh.ould comprehensive scheme of be treated development region, and be judged accordingly. This new point vista of possibilities. and canals will be determined sb initio on geographico- economic principles; the. most advantageous order in which their construction should be undertaken will be known; the most profitable time of starting, and speed of completion of each work, will be determinable ac- cording to the funds available. If different agencies the State, local authorities an?l private companies--are all to take part in the development scheme, each com- pany or authority will find ready for it ir? the general program a work within its sphere or capacity, which it may take up under the general direction and control of the State. By thus co-ordinating in their co,?ception .and planning all works of public utility within a wide region there will be a vast increase of their efficiency. The earning capacity 0f every kind of work, whether it be a railway, canal, or electric supply, depends in large measure on the effectiveness of the services being rendered to the community by other works of public utility. A railway company can do little or nothing to secure the making of roads or irrigation canals, or to as parts of a of the whole of view opens up an entrancing The best alignment of roads, railways and, economic theory stage which' makes it possible