José Manuel Losada offers his own methodologic, hermeneutic and epistemological approach to myth. While assuming mythopoetical perspectives, Losada’s Cultural Myth Criticism takes a step further, incorporating the study of the transcendent dimension (its function, its disappearance) to evaluate the role of myth as a mirror of contemporary culture.
[M]yth today has come to have negative connotations which are the complete opposite of its meaning in a religious context... In a religious context, myths are storied vehicles of supreme truth, the most basic and important truths of all. By them, people regulate and interpret their lives and find worth and purpose in their existence. Myths put one in touch with sacred realities, the fundamental sources of being, power, and truth. They are seen not only as being the opposite of error but also as being clearly distinguishable from stories told for entertainment and from the workaday, domestic, practical language of a people. They provide answers to the mysteries of being and becoming, mysteries which, as mysteries, are hidden, yet mysteries which are revealed through story and ritual. Myths deal not only with truth but with ultimate truth.