The dialectic of the empirical and transcendental standpoints elucidating corresponding aspects of Reality forms the central point in the Jaina, Buddhist and the Vedanta philosophy. Kundakunda, Nagarjuna and Gaudapada, the pioneers of the Jaina, the buddhist and the Vedanta philosophy respectively employed the dialectic of two standpoints for the first time. Sankaracarya, the chief exponent of Advaita Vedanta, has also recourse to this dialectic. The present work is the reconstruction and reinterpretation of the philosophy of the above authors on the basis of their theories of the twofold dialectic and Reality. In fact, any approach, which aims at a direct and intuitive apprehension or vision of Reality, presupposes that Reality or Truth has two aspects-empirical and transcendental, which can be comprehended and expressed through the respective' two standpoints. It is a meeting ground of all philosophies based on actual experience, If this fact is disregarded, philosophy, a love of wisdom, would turn into a love of jargon! The book is documented with Bibliography and Index.