Political theory as a subject is a source of criticism and appraisal concerning to the character and direction of the discipline. It is widely debated among the contemporary political scientist that the great tradition associated with the master of political philosophy seems to become closed. But it is not true. The resurgence of political theory means the revival of the normative or value-based (Philosophical) political theory in political science. In the middle of the 20th century, many thinkers like (David Easton, Alfred Cobban, Lasslett, Dahl)) have written about the decline or dead of political theory. But it would not be right to conclude that political theory has become unimportant or has declined. It is in fact true that the nature, character, scope, area of study and the shape of political theory has been changed with the changing circumstances. Day by day the periphery, relevance, scope, the area of study of political theory is increasing according the need of the hour. According to some scholars, political theory now concentrating on issue like feminism, Oppertunitism, Cynisism, Existentialism, Environmentalism, Post behaviouralism, Fundamentalism, Post modernism, methodological revolution have changed the forms of political theory. Towards the second half of the Nineteenth and twentieth century, it has seen a new direction in the development of political theory and value-based political theory was revived (resurgence of political theory) in the writing of Leo Strauss, Isaiah berlin, Hannah Ardent, Leo Strauss, Michael Oakeshott, Bertrand de Jouvenal, Sheldon Wolin, John Rawls, etc. Thus, Political theory is not dead. It still exits. So to say that the political theory is dead, it will be a great mistake. It is not declined but had transformed in to different aspect.