Nagarjuna has held continuous attention of Buddhist scholars in Asia since his own day. Even today he commands the greatest attention in the Western world insofar as philosophic Mahayana tradition is concerned. Though he did not establish a school of a system of thought as such, he did attract such overwhelming interest and appeal on the part of the masses by way of his unique writings that a tradition of a sort soon arose during his lifetime and a large following in consequence of it. His ideas though subtle and profound, carried such deep understanding and implications of fundamental Buddhist truths that they will influence, one way or another, all or most the subsequent Mahayana developments in India, China, Tibet, Korea and Japan. The present work lay bare before the scholars the unique thought of nagarjuna in translation by way of his major work, the Mulamadhyamakakarika and by way of an introductory essay on his philosophy. The complete English translation of the Karika in 27 Chapters is presented in sequence with the romanized version of the Sanskrit verses for easy reference short prefatory remarks to each chapter have been inserted in order to present the reader a quick glimpse of each chapter content. The book contains glossary of Sanskrit terms with their English meanings. The book is published in the Bibliotheca Indo-Buddhica Series.