本文以《莊子•外雜篇》中有關黃老思想之材料為研究對象，將其視為戰國以來黃老思想之一支。《莊子•外雜篇》中老子和莊子思想之融合是黃老思想發展之基礎，而黃老基本上是屬於君道的政治思想，因此本文以「君德」為主軸，論述《外雜篇》中有關黃老之觀念，如「靜因」、「上無為而下有為」等；並論及黃老思想與三代以來「德位分合」問題之關係，及其在「本末」結構中之觀念。另外，本文在論述之中亦特別注意黃老與其當代思想中老子及法家之間之不同。

　　　　　This research is based on that concerned with Huang-Lao thought (黃老) in Outer and Miscellaneous Chapters of Chuang-tzi (莊子外雜篇), which came from the combination of Lao-tzi (老子) and Chuang-tzi (莊子) and was considered as a branch of the whole Huang-Lao thought in Warring-States period (戰國時代). This article is proceeded under the main shaft on "Lord's Capacity" (君德) accordant to Huang-Lao was political philosophy which was different from Lao-tzi and Legalist (法家). And such issues as "Principle of Ching-In" (靜因之道), "Doing-nothing for lord and doing-everything for subordinates" (上無為而下有為), "The division and combination between political capacity and position" (德位分合) and "Essential and non-essential"(本末) were discussed in this article.