We know from many revisions and re-editions of Fundamental Philosophy that Professor Ly puts lots of attention on this book. In this paper, I explore the significance of Professor Ly's book in the following ways: firstly, the trilogy of the development of argument, i.e. “historical development”, “internal meaning”, and “contemporary significance”, is employed. Secondly, the “upward method” (intellectual approach), and the “downward method” (existential approach) are appealed to; thirdly, From “epistemology” through “metaphysics” to “ethics” Professor Ly's argument in the book will be brought out. In conclusion, I shall use th eterm “intellectual metaphysics” to describe Professor Ly's thought. “Intellectual Metaphysics”, either in terms of general metaphysics (ontology) or of special metaphysics (theodicy), takes man's intellectuality as the centre. As regards the other two functions of human nature: “sentiment” and “will”, whether they can be a new way of thought for scholasticism? The former is called meta-physica, and the latter could be called meta-ethica.