Shpet’s interpretation of Husserl’s phenomenology has caused puzzlement because of the lack of clarity with which he treats the transcendental turn in Appearance and Sense. I suggest that we find a more comprehensive discussion on the topic in Shpet’s 1917 article, “Wisdom or Reason?” There, Shpet reacts to Husserl’s treatment of a cluster of problems related to the latter’s transition to transcendental idealism. I read “Wisdom or Reason?” not only in relation to Husserl’s Logos article of 1911, but also to (...) his 1907 lecture series “The Idea of Phenomenology.” My analysis of Shpet’s phenomenology reveals that he followed through with the transcendental turn, although his philosophy developed in a direction different from Husserl’s transcendental idealism. Shpet postulates a collective consciousness, in which meaning-constitution takes place, and discovers the “word” as the foundation for any cognition. Shpet’s phenomenology remains ontological, as he considers language or culture as the “form of being” in which human beings live. In “Wisdom or Reason?,” Shpet argues that we can have direct knowledge of this meaningful reality: being is not “represented” but “presented” in a word. A certain compatibility thus exists between Shpet’s phenomenology of cultural reality and Husserl’s search for the absolute validity of knowledge. (shrink)