The study of Russian Formalism from a paradigm perspective has an integrative methodological value compared with traditional approaches. From the three different levels(philosophy, knowledge and operation) inherent to the paradigm perspective, this paper reexamines several theoretical problems that were previously thought to be settled: the theoretical construction of Russian Formalism, its development and its theoretical foundation. It shows that the Russian Formalistic paradigm is not only a literary phenomenon, but also relates to the fields of linguistics and philosophy, and at the knowledge level consists of the three schools of Formalistic Literature, Formalistic Linguistics and Formalistic Functionalism. The paper also points out that the lifespan of the paradigm from beginning to decline was longer than the ten years generally believed by scholars. Finally, the paradigm’s theoretical foundation does not originate from Husserl’s phenomenology or the literary schools related to it, as previously assumed, but from the linguistic methodologies of historical comparativism and structuralism, as well as the common aesthetic theory within philosophy.