The Free Market and Catholic Social Teaching
by Llewellyn H. Rockwell, Jr.
LewRockwell.com
The death of Pope Francis highlights a concern of many Catholics, including myself. Can we believe in the free market consistently with our faith? If we accept the Peronist views of the late pontiff, we obviously cannot do so. But fortunately, there is a better option available to us.
Clearly, God wants us to have peace and prosperity, to live in a “free and prosperous commonwealth,” as Ludwig von Mises put it. But the science of praxeology teaches us, by irrefutable logic, that only the free market enables us to avoid economic chaos. It therefore follows that the free market is ordained by God. This line of reasoning is more than theoretical. The great nineteenth-century free market economist Frédéric Bastiat, who was a Catholic, argued in just this way. As Claudio Resani notes: “’[L]iberty…is an act of faith in God and in His works.’ This is how Frédéric Bastiat thought concludes The Law, his most famous work. Reading his various writings and pamphlets, we can very often notice a recurring mention of God, or at least of a Creator, and of the morality that today we call ‘Judeo-Christian’ As already introduced, The Law is a very important work by Bastiat, and here we find the profound definition of freedom mentioned above but, we also find other statements with a religious background. Turning to the collectivist theories of Jean-Jacques Rousseau and his disciples, horrified, Bastiat comments with a touch of irony: ‘But, oh! sublime writers, deign to remember sometimes that this clay, this sand, this manure, of which you are disposing in so arbitrary a manner, are men, your equals, intelligent and free beings like yourselves, who have received from God, as you have, the faculty of seeing, of foreseeing, of thinking, and of judging for themselves!’ Bastiat was a natural law scholar.
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Source: https://www.financialsurvivalnetwork.com/2025/04/the-free-market-and-catholic-social-teaching/
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