This book is a crititcal exploration in the paths critical theory has taken after the `linguistic turn' in literary criticism, with Ferdinand Saussure's formulations on language exploited in the structuralist, poststructuralist and postmodernist interpretation of meaning in creative writing, history and philosophy, and examines the intepretations offered by these contemporary theories from the perspective of ancient Indian theories of language, creative literature, history and philosophy- particularly the philosophical speculations of Bhartrhari in Vakyapadiya, Bharat-Muni on Rasa-Dhvani theory.