The concept of ‘mentalization’ has recently provided a fertile resource for thinking about various issues in psychoanalysis, including attachment, children’s play, personality disorders and the work of interpretation within the analytic setting. Mentalization also provides fruitful ways of thinking about how we read. This paper will suggest that book reading is akin to mind reading: engaging with certain literary texts is akin to understanding the minds of others from the subjective perspective required by mentalization. This way of thinking about literature provides a useful way of understanding its value. The paper will focus specifically on the uses of irony and free indirect speech in Jane Austen’s novel Persuasion. Austen’s use of literary techniques provides a way of understanding the inner lives of her characters via the ironic voice of the implied author, and requires the reader to engage in the kinds of understanding and insight required for mentalization.