Dadabhai Naoroji and the Mechanism of 'External Drain'

  title={Dadabhai Naoroji and the Mechanism of 'External Drain'},
  author={B. N. Ganguli},
  journal={Indian Economic And Social History Review},
  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… 
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