Background
Published as part of the 1976 Glasgow Edition of the works and correspondence ofSummary
Smith’s ''Lectures on Jurisprudence'', originally delivered at the University of Glasgow in 1762–1763, present his ‘theory of the rules by which civil government ought to be directed.’ The chief purpose of government, according to Smith, is to preserve justice; and ‘the object of justice is security from injury.’ The state must protect the individual’s right to his person, property, reputation, and social relations. Smith specifically defines the term jurisprudence as "the theory of general principles of law and government". It is also defined as the general guidelines about the essence of a nation's laws. Smith specifically defines the term jurisprudence as "the theory of general principles of law and government". It is also defined as the general guidelines about the essence of a nation's laws.Part I: Of Justice
*Division I. Of Public Jurisprudence *Division II. Domestic Law *Division III. Private LawPart II: Of Police
The pros and cons of money, prices, and financial exchanges fall under this section of the Lectures "since the regulation of prices and the creation of money by the state both came under the head of police." *Division I. Cleanliness and Security *Division II. Cheapness or PlentyPart III: Of Revenue
Part IV: Of Arms
Part V: Of the Laws of Nations
Scholarly critique
According to William Caldwell, the lectures accomplish three goals: they detail Smith's philosophy and beliefs about economics, his motivation to write about the historical origins of political societies, and they show the influence of mercantilism and Francis Hutcheson on Smith's thoughts on the political economy. In an article for '' Political Science Quarterly'', W. Hasbach opines that Smith believed that the political economy is the foundation for morality, law, government, wealth, revenue, and arms, a position that originated from the idea of natural law. He also notes that Smith's relationship with the Physiocrats is important in the Lectures and that some critics stated that he produced the same concepts as them on economics. Hasbach also states that Smith expands on their ideas by saying that there needs to be a freedom of industry. Smith expects that industry and also commerce be laisser-faire and relevant to all aspects of political economics. Another scholar, C. F. Bastable, notes that Smith recognizes the need for industry for the production of wealth. Industry creates capital which is much needed in an economically viable society. Hasbatch has also written that the Lectures offer a perspective of Smith's view on property that is different from that ofNotes
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