When we talk about the title of economics, it becomes the subject of wealth, capital, wages, business and entrepreneurship. This creates the interest of the reader towards its study.The study of these ideas becomes necessary.While looking at the 19th and 20th century history, Iqbal says it becomes more necessaryfor slave peoples of British India.Dr. HosniyehNovin, Dr. Kamran Pashayi Fakhri and Dr. ParvanehAdelzadeh of Islamic Azad University, Tabriz Iran comment in one of their research papers on Iqbal-i-Lahori:
“We live in a world where, on one hand we encounter with diverse needs of man and on the other hand, try to meetthese needs by limited resources. Thus, constant efforts of human for meeting needs using scarce resources andlimited production, led to emergence and evolution of economics. Economy is an important aspect of life andunderstanding the ideas presented in this field could be have a lot of fruits. On the other hand, there are variouseconomic theories that are applicable to different countries, especially third world countries. “People think thateconomics is a technical, confusing and mysterious subject. It is a subject that should be left to the experts and theseexperts are economists”(Economy in our language, 2012:11)
“But the reality is that the economics should be quitefrankly. Indeed, it is about what we produce, how we distribute our products and how we use them. Economics isabout who does the work and what a person earns and what he does with it. In the simplest and the most popularcase, all of us know about economics, therefore, we have to say about the economics”(ibid).
“Economics has three functions: trying to understand how an economy discipline works, providing the schemes toimprovement and justification of the measures of improvement. Measures for determining the optimal criteriainclude essentially moral and political judgments. Thus, the science of economics can never be completely’neutralized’ and independent of the human values” (ibid: 107).
Hosniyeh Novin., Dr. Kamran Pashayi Fakhri., Dr. Adelzadeh, “The Concept of Poverty (Faqr) in Iqbal Lahori Divan”, “Journal of Applied Environmental and Biological Sciences”, ISSN: 2090-4274, Page Number: 166. Department of Persian Literature, College of Persian Literature and Foreign Languages, Tabriz Branch, Islamic Azad University, Tabriz, Iran.
For the colonial nation of British India, its importance doubles in wieghtage. Because in British India slavery, poverty, and begging was the main source of people. Allama Iqbal counts Beggary, hard labour; extreme kind of poverty is the highest form of Muflisi (extreme kind of poverty).These three centuries complains about the sources and earning. Allama Iqbal is thinking about the un-awareness of nation of India. He says that, most of our nation is sinking in illiteracy. Our literacy rate has been shrinking from last three centuries. In the reconstruction of religious thought in Islam Iqbal proposes:
“During the last five hundred years, religious thought in Islam has been practically stationary. There was a time when European thought received inspiration from the world of Islam. The most remarkable phenomenon of modern history, however is the enormous rapidity with which world of Islam is moving spiritually towards the west. There is nothing wrong in this movement, for European culture on its intellectual side is only a further development of the most important phases of the culture of Islam.”
Iqbal. Sir Muhammad, “The Reconstruction of Religious Thought in Islam.” Page No: 29-30, Kitab Bhavan Publisher’s, New Delhi.
Prof. Jagan Nath Azad writes in his, “Iqbal, Mind and Art”:
“Iqbal not only stressed the importance of modern Scientific Studies, but also observed that, according to the dictates of the Holy Quran. It was a prerogative of the man to conquer nature through scientific advancement. Iqbaal makes a striking reference to “the promises of the complete subjugation by man whose duty is to reflect on the signs of God, and thus discover the means of realising his conquest of nature as an actual fact.”
Prof. Jagan Nath Azad, “Iqbal, Mind and Art”, Modern Publishers Lahore, Pakistan, 1999, Page No: 149.