The present book contains papers presented at the seminar on Madhyamika school of Buddhism held at Drepung Monastic University Mundgod, Karnataka in 1989. The book also in cludes Prof. Alex Wayman’s paper which was not presented at the seminar because it is also on the same subject. The papers included in the book are the Development of Madhyamika Philosophy in Tibet by Thupten Chhogdup; The four theses of negation of Prasangika Madhyamika by Geshe Palden Dragpa; The four Affirmative theses of Prasangika Madhyamika by Geshe Teshe Thapkhe; philosophy of Madhyamika & Other schools of Indian philosophy by Raghunath Giri and the Secret of Nagarjuna’s position of Dependent origination and Sunyata by Alex Wayman.