The concept of social capital, according to James Coleman (1990), blurs distinctions between types of social structures. Most researchers who embrace Coleman's concept choose to preserve its broad content rather than sharpen its analytic bite. In order to further develop social capital as a theory capable of explanation, the analytic contribution of the concept of capital must be clarified. In this paper, some structure is imposed on the broad concept of social capital by driving a conceptual wedge between norms and networks and then elevating information to the same (secondary) status as norms. The attempt is made to build a theory by invoking a distinction between social capital resources and capital goods.