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▪ Abstract  This essay traces the development of the research enterprise, known as the social resources theory, which formulated and tested a number of propositions concerning the relationships between embedded resources in social networks and socioeconomic attainment. This enterprise, seen in the light of social capital, has accumulated a substantial body of research literature and supported the proposition that social capital, in terms of both access and mobilization of embedded resources, enhances the chances of attaining better statuses. Further, social capital is contingent on initial positions in the social hierarchies as well as on extensity of social ties. The essay concludes with a discussion of remaining critical issues and future research directions for this research enterprise.