Capitalism and Sustainability: An Exploratory Content Analysis of Frameworks in Environmental Political Economy

A critical divide within environmental sociology concerns the relationship between capitalism and the environment. Risk society and ecological modernization scholars advance a concept of reflexive political economy, arguing that capitalism will transition from a dirty, industrial stage to a green, eco-friendly stage. In contrast, critical political economy scholars suggest that the core imperatives of capitalist accumulation are fundamentally unsustainable. We conduct a content analysis of 136 journal articles to assess how these frameworks have been implemented in empirical studies. Our analysis provides important commentary about the mechanisms, agents, magnitude, scale, temporality, and outcomes these frameworks analyze and employ, and the development of a hybrid perspective that borrows from both these perspectives. In addition, we reflect on how and why reflexive political economy has not answered key challenges leveled in the early 21st century, mainly the disconnect between greening values and the ongoing coupling of economic growth and environmental destruction. We also reflect on the significance of critical political economy, as the only framework we study that provides analysis of the roots of ecological crisis. Finally, we comment on the emergent hybrid perspective as a framework that attempts to reconcile new socioecological configurations in an era of increasing environmental instability.