This is a far-reaching study of the developments in the main stream of Chinese philosophy, with an exposition of the author's original system of thought, New Li Hsueh. Dr. Fung interprets the sweep of Chinese philosophy - from ancient thought to Neo-Confucianism - using as his criterion the degree to which each philosophy "attains to the sublime and yet performs the common tasks." Here is one of the first-fruits of the early 20th century revival of the spirit of China which offers to the English-speaking world a new perspective on Chinese philosophy.