How do aesthetic forms contribute to different kinds of cultural knowledge? Gabriele Schwab responds to this question with an analysis of the nature of subjectivity in modernist fiction. Drawing on French and Anglo-American psychoanalysis as well as reader response theory, she explores the relationship between language and subjectivity and in so doing illuminates the cultural politics and psychological functions implicit in the aesthetic practices and literary forms of modernism and postmodernism.

The result of this exploration is a new understanding of the function of literature as a form of cultural knowledge. Schwab demonstrates how literature creates a transitional space where the boundaries of language and subjectivity are continually shaped and reshaped on both an individual and a cultural level. Modern and postmodern experimental texts, in particular, fulfill this function through the multifarious exploration of the boundaries of poetic language and their opening to the unconscious.

Undertaking what she terms a literary ethnography of the decentered subject, Schwab examines five novels: Herman Melville's Moby-Dick, Virginia Woolf's The Waves, James Joyce's Finnegans Wake, Samuel Beckett's The Unnamable, and Thomas Pynchon's Gravity's Rainbow. Schwab demonstrates how the aesthetic figurations of unconscious experience in these texts generate new forms of literary language and an aesthetic reception that is directly relevant to an increasingly global and hybridized culture.

In her concluding chapter, which introduces the notion of "textual ecologies," Schwab analyzes the literary subjectivity of "transitional texts in light of such contemporary theories as systems theory, cybernetics, and the new physics. From this perspective, such texts not only reflect cultural practices but take part in shaping their change and innovation.