In the opening essay of his recent book The Possibility of Transcendental Philosophy, J.N. Mohanty begins by pointing out that "the best way to demonstrate the possibility of something is to show its actuality, for actuality implies possibility" (p. xiii).¹ How does one show the actuality of transcendental philosophy? It is not enough to show that something bearing this label still has adherents today. It is necessary to outline in a clear, coherent and consistent form what such a philosophy is to defend it against its critics.