After an interruption of seven years I take up once again my surveys of Italian philosophy. Many things have happened in the interval, but it is perhaps too soon for them to be susceptible of calm philosophical reflection. The problems that most interest the cultured public to-day are those of existentialism, of historicism and its limits, of German romanticism, and, more generally, of Germanic culture in relation to new spiritual orientations. The interest in existentialism is due, at least in part, to the fact that it is the philosophy in fashion. But there is in it nevertheless a depth of seriousness that is not overlooked. The tragedies of recent years have placed in the foreground the problems of immediate existence, of human personality and its place in the world, which the preceding idealistic philosophy had too easily absorbed in an impersonal and trans-subjective view of the spirit and its universal values. And, as has often happened in the course of history, there has resulted a reaction of individuality, in its most irrational and vital expressions, against the pretensions of reason to dominate it from above, and imprison it in the net of its concepts.But if, in this regard, existentialism represents a just demand, which can exercise a beneficial influence on philosophical thought, yet to many its claim to represent a new era in philosophy seems excessive. Its value is only that of an episode. Hence some interpreters of contemporary thought have been drawn to limit the importance of the new movement.