I appreciate and am very much in sympathy with many of the observations that Michael Novak has made in his paper. I, too, think that we ought to be suspicious of the suggestion that political and economic power must somehow be entirely consolidated for the sake of social justice. I agree with his assertion that our understanding of economic action ought to be fit within the discipline of political/moral philosophy and ought to consider personal initiative, the habit of enterprise, the ability to inspire trust in others, and the other things that he has included under the heading of human capital.
Craig Gay, "Is Entrepreneurial Activity Necessarily Pleasing to God?" Journal of Markets & Morality 5, no. 1 (Spring 2002): 127-134