Book excerpt: Based on a series of lectures given in 1983 by Dr. Leonard Peikoff, Understanding Objectivism offers a deeper and more profound study of Ayn Rand's philosophy, and outlines a methodology of how to approach the study of Objectivism and apply its principles to one's life. For the legions of readers who treasure Atlas Shrugged and The Fountainhead, and who savor cogent analysis and provocative discussion of Ayn Rand's thoughts and beliefs, Understanding Objectivism takes the stimulating study of Rand's philosophy to the next level.