This book presents a commentary on and an analysis of P. Leiden I 344 recto, which contains the poem variously called The Dialogue of Ipuwer and the Lord of All or The Admonitions (Mahnworte), from the Middle Kingdom of ancient Egypt. The first part of the book comprises an analysis of several literary aspects of the poem, including its unity, compositional date, reception, possible setting, genre, literary style and meaning. It also offers a literary reading of the poem within the context of the cultural and intellectual milieu that produced it. The second part of the book provides a detailed translation, commentary to, and literary reading of, the poem, subdivided into sections that largely follow the divisions within the manuscript. A metrical transliteration is given, broadly following the prosodic principles of Gerhard Fecht, which provide a pragmatic formal mode of analysis. The degree to which these are relevant to the compositional structure of the poem is discussed.