''The Way and Its Power: A Study of the Tao Tê Ching and Its Place in Chinese Thought'' is a seminal work by renowned British sinologist and translator Arthur Waley. Originally published in 1934, the book is widely celebrated as one of the most authoritative, scholarly English translations of Lao Tzu’s ancient text, the Tao Te Ching.

Waley’s treatment of the text remains unique and influential due to several distinct characteristics:
Unlike many translations before it that relied heavily on medieval Chinese interpretations, Waley sought to understand what the text meant at the exact time it was written (which he estimated to be around 240 B.C.).

The title itself reflects Waley's distinct translation of the book's core principles:
The Way (Tao / Dao): Interpreted not merely as an abstract cosmic entity, but as a practical rhythm of the universe to align with.
The Power (Te / De): Rather than translating Te as standard "virtue" or "morality," Waley translated it as "Power"—the inherent, latent force or efficacy that a person or thing possesses when in complete alignment with the Tao.