_ Source: _Volume 48, Issue 2, pp 209 - 232 In _Specters of Marx_, Derrida suggests that the most fundamental condition of phenomenality lies in the ambiguous status of the noema, defined as an intentional and non-real component of _Erlebnis_, neither “in” the world nor “in” consciousness. This “irreality” of the noematic correlate is conceived by Derrida as the origin of sense and experience. Already in his _Of Grammatology_, Derrida maintained that the difference between the appearing and the appearance, between (...) the world and the lived experience, is the condition of all other differences. Unfortunately, Derrida limits himself to a few self-evident remarks, without further elaborating.The aim of this paper is twofold: on the one hand, to contextualize Derrida’s interpretation of the noema from a theoretical and historical perspective; on the other hand, to show its effects on the early moments of Derrida’s philosophy. The result will shed light on a neglected issue in the relationship between deconstruction and phenomenology. (shrink)