Philosophy for children is a modern curriculum in the course of the betterment of philosophizing and thinking for the children; this effort claims a new approach in moral education called "ethical inquiry". Liza's plan has good educational capacities for creating a sphere of caretaking creative and critical thinking, some of its principles do not match up with those of Islamic education, though. It is thus necessary to take into consideration the axiological principles of her plan in order to make use of its positive capacities. To do so, after their analytical survey of Liza's story (the story of ethical values of the plan) and its guide (ethical inquiry), the authors have brought out its axiological principles and then compared them to those of transcendent theosophy. The results show that moral education of transcendent theosophy stands on absolutism, realism in moral values, and meaningfulness of divine values. Such a moral system would determine a sphere different from that of Liza's plan of ethical inquiry with relativism in moral values, conventionalism in ethics, and meaninglessness of divine values. Of course, having maintained the principles of transcendent theosophy we can enjoy the positive capacities of Liza's plan remedying its deficiencies in the light of the comprehensive education of people who are perfect moral and God-seekers.