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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.
Building on his Theory of Moral Sentiments, Smith argues that the state must act as an impartial spectator, judging when an individual has been injured. The state must then design and apply civil and criminal laws to prevent further injuries and punish transgressors. Laws are also the means by which the state promotes public prosperity. Thus, regulations concerning trade, commerce, and production must be crafted so as to encourage rather than interfere with our productive capacities.

"Jurisprudence is the theory of the rules by which civil governments ought to be directed.
It attempts to shew the foundation of the different systems of government in different countries and to shew how far they are founded in reason.
We will find that there are four things which will be the design of every government:
1stThe first and chief design of every system of government is to maintain justice; to prevent the members of a society from incroaching on one anothers property, or siezing what is not their own. The design here is to give each one the secure and peacable possession of his own property. {The end proposed by justice is the maintaining men in what are called their perfect rights.} When this end, which we may call the internall peace, or peace within doors, is | secured, the government will next be desirous of promoting the opulence of the state. This produces what we call police. Whatever regulations are made with respect to the trade, commerce, agriculture, manufactures of the country are considered as belonging to the police."

Adam Smith

Adam Smith (1723-1790) is commonly regarded as the first modern economist with the publication in 1776 of The Wealth of Nations. He wrote in a wide range of disciplines: moral philosophy, jurisprudence, rhetoric and literature, and the history of science. He was one of the leading figures in the Scottish Enlightenment. Smith also studied the social forces giving rise to competition, trade, and markets. While professor of logic, and later professor of moral philosophy at Glasgow University, he also had the opportunity to travel to France, where he met François Quesnay and the physiocrats; he had friends in business and the government, and drew broadly on his observations of life as well as careful statistical work summarizing his findings in tabular form. He is viewed as the founder of modern economic thought, and his work inspires economists to this day. The economic phrase for which he is most famous, the “invisible hand” of economic incentives, was only one of his many contributions to the modern-day teaching of economics.