Montemaggi, Francesca2023-02-092023-02-092016-10-242011-05-251743-169710.1558/imre.v14i1.67http://hdl.handle.net/20.500.12424/4270433Spiritual capital has gained prominence in the past decade as the social capital of faith based organizations (FBOs). In a previous issue of Implicit Religion, Chris Baker and Jonathan Miles-Watson, of the William Temple Foundation (WTF), presented an exhaustive review of the relevant literature on social capital and spiritual capital, and proposed a notion of spiritual capital that includes religious culture motivating social action (Baker and Miles-Watson 2010). This interpretation has transformed the original notion of spiritual capital into a normative concept that seeks to celebrate spirituality rather than understand it. This paper presents a critical reflection on the implications of such an approach and argues for the differentiation and analysis of religious phenomena.engCopyright 2011 Equinox Publishingspiritual capitalsocial capitalcommunitysocial actionreligionThe Enchanting Dream of “Spiritual Capital”Article