The paper critically discusses some recent contributions to the literature that argue that Smith incorporated the needs of the poor within his account of justice. Three specific claims are examined and rejected: that Smith blurred the traditional distinction between perfect and imperfect rights; that he endorsed the doctrine of the right of necessity; and that he maintained that all people have a natural right to subsistence.

Oswald ‘Foxy’ Falk was the enigmatic figure who understood, probably more than any other person, how the mind of Maynard Keynes operated. Regrettably, Falk never wrote a memoir on Keynes or even expanded upon his long professional association with him. Equally, there has been relatively little written of Falk in the economics literature. This article attempts, at least, to address that gap. The character and philosophy of Falk are examined through the prism of a lengthy correspondence he had with another businessman who knew Keynes, William Sydney Robinson. Their letters reveal why Keynes fell out with his former business partner but also, more importantly, how, in talking about the great and the good, lesser mortals are inclined to tell the occasional mistruth.

Smith was influenced by Newton’s method. Nonetheless, he introduced elements that led him far from the Newtonian perspective. The present essay analyzes how historical dimensions, contingencies, institutions, and conflicting human inclinations modify a Newtonian horizon. Finally, the paper focuses on how, in Smith’s view, institutions determine “unintended outcomes,” which are sometimes opposed to those of the market. In this sense, the “invisible hand” is not only the result of the behavior of myopic individuals trying to improve their conditions; it is also the outcome of the work of institutions that operate as structures autonomous with respect to individuals.