As time has proven, Theory of Prose still remains one of the twentieth century's most significant works of literary theory.

It not only anticipates structuralism and poststructuralism, but poses questions about the nature of fiction that are as provocative today as they were in the 1920s. Founded on the concept of "making strange," it lays bare the inner workings of fiction—especially the works of Cervantes, Tolstoy, Sterne, Dickens, Bely and Rozanov—and imparts a new way of seeing, of reading, and of interacting with the world.