Despite the objections that readers may raise as to style (difficult, convoluted) and his sometimes limited subject matter, Henry James remains one of the Great American writers, and also one of the most prolific. The mountain of fiction James created is truly impressive and almost consistently interesting. Library of America has dedicated multiple volumes to James, excluding only (as far as I am aware) his "dramatic" efforts, which were by and large a failure, if not a disaster. Consistent with its approach, LoA has published all of James's short stories in 5 volumes, organized by date of composition/publication. The present volume covers 1892-98, a fertile period for James's short fiction, encompassing the final years of his theatrical efforts and somewhat before his most difficult final period (i.e, The Golden Bowl, and others). This volume includes a number of stories that should be in ANY compilation of James's stories, including The Turn of the Screw, The Real Thing, The Figure in the Carpet, In the Cage, and others. It also is interesting to note that, at this point in his career, James's stories increasingly were concerned with loss, mortality, and ruminations on the "legacy" of an artist, for example "Greville Fane," "The Middle Years," "The Death of the Lion," "The Alter of the Dead," and " The Figure in the Carpet." The volume is done with LoA's usual quality and is certainly a worthy publication. My only reservations are these. First, if you are looking for a volume that includes the "best" of James's stories, you don't specifically care about this "period," and you do not intend to collect or read all 5 LoA volumes of stories amounting to something like 4000 pages, you are probably better off with an anthology that covers all of James's writing career. Second, LoA has consistently followed a philosophy of letting the works speak for themselves, with little (if any) critical commentary or guidance, except for very good chronologies of the authors' lives. I certainly respect and understand this approach, and an interested reader can relatively easily acquire useful criticism or commentary from other sources. However, with James, perhaps more than some other LoA authors, some critical input would be quite valuable. For example, taking only The Turn of the Screw, the various interpretations are diverse and fascinating in their own right: is it a simple (relatively speaking) ghost story? Is the governess mentally unstable and the victim of repressed sexuality? It would go beyond the bounds of the LoA format fully to address these issues, but it might be useful if the volume at least gave the reader a "heads up" about the various interpretations and their sources.
With those small reservations, this is a very good volume and a good place to start if you are deeply interested in James's shorter fiction. If anyone happened to pick up this volume, or read this comment, looking for a thesis or paper topic, for what it is worth, you could do worse than to think about James's short fiction on the artist, mortality and the artist's legacy and take special note of the stories cited above.