The best contribution that free-market champions can make is to become outstanding and convincing economists so that influential leaders incorporate all economic truths into their moral admonitions. A good example to follow is that of Gary Becker, the Nobel Laureate from the Chicago School, who has been a member of the Pontifical Council of Science longer that Stiglitz. Becker’s sound economic research and his respectful demeanor during meetings at the Vatican earned him that spot. The writings of Nobel Laureates from other schools of thought sympathetic to free enterprise, such as F.A. Hayek and James Buchanan from the Austrian and Public Choice schools, also deserve more attention from the Vatican.
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