• DOI:10.1177/001946466400200201
• Corpus ID: 145180903

Dadabhai Naoroji and the Mechanism of 'External Drain'

@article{Ganguli1965DadabhaiNA,
  title={Dadabhai Naoroji and the Mechanism of 'External Drain'},
  author={B. N. Ganguli},
  journal={Indian Economic And Social History Review},
  year={1965},
  volume={2},
  pages={102 - 85}
}

• B. Ganguli
• Published 1 April 1965
• Economics
• Indian Economic And Social History Review

THE name of Dadabhai Naoroji has been associated in the minds of Indians students of economics with the controversial ’Drain Theory’ : Dadabhai spoke and wrote of the &dquo;material and moral drain&dquo;, &dquo;of the deprivation of resources&dquo;, of the &dquo;bleeding drain&dquo;. The drain theory comprehends the essence of what he wanted to say as a patriotic citizen who had studied the causes of poverty in a colonial economy. From the angle of methodology this theory provides an excellent conceptual framework within which Dadabhai’s economic ideas and his assessment of the burning questions of his times easily fall into place to form a coherent whole so as to appeal to even a sophisticated student of modern economics. ’