This paper analyses the concept of Political Theology as construed in the work of the German constitutionalist Carl Schmitt during the interwar period. Departing from close reading in the schmittian text, I try to situate the concept of Political Theology in Schmitt’s work economy. Taking into account the weight of this concept, its uncommon history as well as its reception in contemporary literature, my paper sketches the outlines of a thorough analysis of the relation between law and religion following the perspective opened by Carl Schmitt’s thesis.