This paper attempts to explicate and locate the concept of 'cultural capital' in terms of Pierre Bourdieu's more general theory of the forms of capital and their transubstantiations. It examines the manner in which the relationship between the economic field, and its relations of inequality and power, and the cultural field involves a process of systematic misrecognition on the basis of which the positions and relations of the cultural field come to be recognized as 'arbitrary'. In these terms, pedagogic action is defined as 'symbolic violence'. It is suggested that the relationship between 'objective probability structures' and cultural fields can be usefully approached through the 'dual aspect' theory of the philosopher, Benedict Spinoza. Finally, a tension is noted between the manner in which educational differences between classes are explained and the manner in which differences within classes are explained.