Marx and the environment: a preliminary model∗

Abstract

Mainstream economics has tended to accord environmental economics a subordinate place in its hierarchy of concerns. This is not surprising as orthodox approaches normally tend to assume away the very problems that give rise to environmental issues. This article endeavours to employ a simple Marxian model to analyse the implications for environmental policy. Our model provides us with some interesting preliminary conclusions. In Particular we see that the short-run conflict between labour and capital may result in capitalists campaigning strongly for weaker policies on the environment. It is argued that this could lead to serious consequences for future generations.