While the early essays by T.S. Eliot serve as the major source of the neo-criticism, neo-critics have performed text-centered revisions instead of exclusive acceptance. Therefore as T.S. Eliot advocates religion or religion-oriented cultural horizon, such as the unity of affectability, objective equivalence, and the dual standard of literature and theology, it is confronted with the neo-critics with their insistence for the contrastive intentional fallacy, affectability fallacy and pure literary standard. Likewise the cultural context results in the breakthrough of the text-centered bottle-necked dilemma for the neo-critics just as T.S. Eliot himself. This is considered as the paradox of co-existence of literary beauty and greatness.