Professor Valdes presents a theory of literary criticism based on phenomenological philosophy - primarily the work of Husserl, Ingarden, Merleau-Ponty, and Ricoeur. His basic argument is that literary texts are inexhaustible sources of imaginative creativity for their readers, and, further, that this openness does not inhibit serious commentary but rather enhances the critic's possibilities of exchange, dialogue, and intellectual enrichment. He...