The idea of social capital is increasingly prominent in international, national, and local policy-making and in the social sciences. However, its rapid rise to prominence has not been matched by proper scrutiny of the idea and its consequences. This book provides the first full critical analysis of social capital, written by authors from a wide range of disciplinary and policy backgrounds. The book asks searching questions: Is the concept of social capital really new? Does it offer significant anaytic purchase? Can it be an operational, as opposed to rhetorica concept? Can policies based on social capital deal with conflict and social exclusion? These issues are explored through studies of education, health, political science, urban regeneartion, economic development and other areas and disciplines. The authors - who include academics, professionals and policy specialists - are all distinguished and prominent contributors in their own fields.