This paper discusses two influential American approaches to the interpretation of literature, the New Criticical doctrine of the "Intentional Fallacy" and E. D. Hirsch's theory of objective interpretation. The main focus is the status and role of authorial intention in interpretation. Both theories are criticised because of their methodological and institutional idealism. A more pragmatic and institutionally-conscious theory of interpretation is outlined. Objective interpretation and the construction of authorial intention are kept as regulative concepts, and truth is redefined as the production of intepretive truth-effects: the increased translatability between different disciplines or areas of knowledge articulated by a given critical project.
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