Economics as people use the term refers to both "laws" as immutable of the law of gravity are in the realm of science and to public policy that encourages, restricts, or criminality some form of economic activity.
There's a wide range of economic activity and the Church can and does make moral distinctions between what's licit and illicit.
The Church itself doesn't claim competence to know which particular licit economic policy alternatives are going to have the result of creating the greatest good for the greatest number. Popes acknowledge they can identify the goals and what means to obtain them would be contrary to justice, but to identify among all the possible licit means which is the best, that's a prudential political and economic judgment.
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