This article investigates the writings of American institutional economist
Thorstein Bunde Veblen (1857-1929) on capitalism and environment. The two m
ain queries concern (a) Veblen's stand on natural resource utilization as a
consequence of capitalism and (b) its current relevance to environmental s
ociology. Veblen's theories of conspicuous consumption, absentee ownership,
and natural resource exploitation are examined from several of his seminal
contributions. The article concludes that Veblen's pioneering analysis of
wasteful use of natural resources and emulative consumerism is essential to
environmental sociology and timely because of current environmental crises
. Future research is suggested in two areas: (a) applying Veblen's theoreti
cal approaches to the ecological aspects of capitalism and (b) comparing Ve
blen with other classical theorists such as Marx and Weber within the subfi
eld of environmental sociology.