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"How does a reader respond to a work of literature and how does he begin to evaluate it? Mr Olsen attempts to answer these and related questions. The book is in two parts. In the first three chapters, the author demolishes established theories that literature has a special language, provides a heightened insight into 'truth' and has emotion as its prime currency. In the remaining chapters Mr Olsen constructs and fully illustrates the theory that understanding of a work of literature comes in two complementary stages: first, judgements about the author's aesthetic intentions (interpretation); second, appreciation of the aesthetic qualities of the work (evaluation). At the end of his argument, attempting an answer to the question 'Why is literature important?', Mr Olsen characterizes literature as an institution and thus forges links with contemporary philosophy which sees all human action as ordered and defined by social institutions."

"The essays in this book are essays in literary aesthetics. They deal with philosophical problems which arise in connection with the appreciation and evaluation of literary works and with problems that arise because there is a practice of writing and reading literary works. Though they were written over a period of more than ten years, the essays are unified by a consistent perspective on theoretical problems and by a consistent scepticism about the possibility of any general theory of literature, be it Marxist, Freudian, Structuralist or Post-Structuralist. Literary theories come and go, it seems, more and more quickly. But the practice of literature remains and so do the philosophical problems connected with it. The need to deal with these problems in a philosophically responsible way remains and cannot be ignored."

"What is valuable about literary studies? What is its point and purpose? In The Values of Literary Studies: Critical Institutions, Scholarly Agendas, leading scholars in the field illuminate both the purpose and priorities of literary criticism. At a time when the humanities are increasingly called upon to justify themselves, this book seeks to clarify their myriad values and ideologies. Engaging the idea of literary value while at the same time remaining attuned to aesthetic, ethical, political and psychological principles, this book serves to underscore the enduring significance of literary studies in an academic climate that is ostensibly concerned with expediency and quantification. As a sophisticated examination of literary theory and criticism, The Values of Literary Studies: Critical Institutions, Scholarly Agendas provides a comprehensive and hopeful view of where the discipline is now and what avenues it is likely to take from here"

"This book challenges theory's critique of literary art. It argues that the institutionalization of theory, particularly in North American universities over the last quarter century, has led to a pervasive intellectual sterility. Theory's institutional triumph induces critics to offer categorical explanations and demystifying analyses that ignore the actual power and scope of literature. Mark Edmundson traces this tendency to systematize and sterilize literature to Plato's famous quarrel, on behalf of philosophy, against the poets. Edmundson goes on to show how contemporary theorists like de Man, Derrida and Bloom have renewed the philosophical drive to demean poetic art, or to subsume it into some "higher" form of thought. This is not an anti-theoretical book: it acknowledges the value of theory and the intellectual prowess of the theorists it treats. But it is also concerned to recognize theory's limits and to establish the responsibility of literary criticism to do more than theorize: to identify those points at which literature resists being explained away. This book comes to the defence of poetry and of literary art overall, at a time when its cultural status is in doubt."