The article reflects on Heidegger’s “metaphysical” interpretation of Hegel’s Phenomenology of Spirit. This interpretation is driven by two theses Heidegger holds: (1) that the Phenomenology is a necessary part of Hegel’s “system of science” and (2) that the Phenomenology is metaphysics. These two theses contrast with Houlgate’s “epistemological” interpretation, which claims that the Phenomenology is not a necessary part of Hegel’s system of science and that it is not metaphysics. The article shows that while Heidegger has an argument that establishes, (...) contra Houlgate, that the Phenomenology is metaphysics, this very argument has consequences that undermine Heidegger’s thesis that the Phenomenology is a necessary part of Hegel’s system of science. (shrink)