This article presents lists of the literary events and publications in 1927.
- January – The Books Kinokuniya (紀伊國屋書店) bookstore business is established in Tokyo.
- May 5 – Virginia Woolf's stream of consciousness novel To the Lighthouse is published by the Hogarth Press in London; considered a landmark of high modernism, a second impression follows in June.
- June 29 – T. S. Eliot, hitherto a Unitarian, is baptised into the Church of England at Finstock; in November he takes British citizenship.
- July 7 – James Joyce's collection Pomes Penyeach is published by Shakespeare and Company in Paris.
- July 9 – P. G. Wodehouse's short story "Pig-hoo-o-o-o-ey" is published in the United States magazine Liberty, introducing Lord Emsworth's prize pig, Empress of Blandings (first UK publication in August issue of The Strand Magazine).
- August – T. S. Eliot's poem Journey of the Magi is published in Faber and Gwyer's Ariel poems series (London) illustrated by E. McKnight Kauffer.
- September – Eric Blair (George Orwell) decides while on leave to remain in the UK, resigns from his post with the Imperial Police in Burma, and moves to London to become a writer.
- October – Victor Gollancz establishes the London publishing house Victor Gollancz Ltd.
- December – Agatha Christie's fictional amateur detective Miss Marple makes her first appearance in print in a short story, "The Tuesday Night Club", published in The Royal Magazine.
- Expatriate American writer Natalie Clifford Barney starts an informal Académie des femmes to honor woman writers at her Paris salon. Honorees include Colette, Gertrude Stein, Anna Wickham, Rachilde, Lucie Delarue-Mardrus, Mina Loy, Djuna Barnes and (posthumously) Renée Vivien.
- Translation of Franz Roh's work of artistic criticism Nach Expressionismus – Magischer Realismus: Probleme der neuesten europäischen Malerei ("After Expressionism – Magical Realism: Problems of the newest European painting", 1925) into Spanish by Revista de Occidente leads to the concept of magic realism becoming popular in Latin American literature.
- The Strand Bookstore business is established in Manhattan by Benjamin Bass.
Children and young people
- January 8 – Charles Tomlinson, English poet (died 2015)
- January 16 – Oldřich Daněk, Czech dramatist (died 2000)
- January 28 – Vera Williams, American author and illustrator (died 2015)
- February 1 – Galway Kinnell, American poet (died 2014)
- February 6 – William Gardner Smith, expatriate American novelist and journalist (died 1974)
- February 16 – Shahidullah Kaiser, Bangladeshi novelist (died 1971)
- February 21 – Erma Bombeck, American humorist (died 1996)
- March 6 – Gabriel García Márquez, Colombian novelist (died 2014)
- March 18 – George Plimpton, American writer and actor (died 2003)
- March 22 – Vera Henriksen, née Roscher Lund, Norwegian historical novelist (died 2016)
- May 19 – Yusuf Idris, Egyptian writer (died 1991)
- May 25 – Robert Ludlum, American novelist (died 2001)
- May 27 – Malayattoor Ramakrishnan, Indian Malayali novelist (died 1997)
- June 13 – Paul Ableman, English writer of erotic fiction and playwright (died 2006)
- June 20 – Simin Behbahani, Persian poet (died 2014)
- June 27 – Dominic Jeeva, Sri Lankan Tamil fiction writer and essayist
- July 4 – Neil Simon, American playwright
- August 15 – Patrick Galvin, Irish poet and dramatist (died 2011)
- August 23 – Dick Bruna, Dutch author and illustrator (died 2017)
- August 24 – David Ireland, Australian novelist
- August 27 – Fouad al-Tikerly, Iraqi novelist and writer (died 2008)
- September 4 – Bernardino Zapponi, Italian novelist (died 2000)
- September 30 – W. S. Merwin, American poet
- October 7 – Robert Westall, English novelist and children's writer (died 1993)
- October 16 – Günter Grass, German novelist (died 2015)
- November 24 – Charles Osborne, Australian-born British writer and arts administrator (died 2017)
- December 13 – James Wright, American poet (died 1980)
- December 24 – Mary Higgins Clark, American novelist
- March 18 – Philip Wicksteed, English theologian and critic (born 1844)
- March 31 – Mabel Collins, British theosophist and author (born 1851)
- April 16 – Gaston Leroux, French novelist (born 1868)
- May 25 – Henri Hubert, French sociologist (born 1872)
- May 29 – Georges Eekhoud, Belgian novelist (born 1854)
- June 1 – J. B. Bury, Irish historian (born 1861)
- June 9 – Adolfo León Gómez, Colombian poet (born 1857)
- June 14 – Jerome K. Jerome, English humorous writer (born 1859)
- July 5 – Lesbia Harford, Australian poet (born 1891)
- July 24 – Ryūnosuke Akutagawa (芥川 龍之介), Japanese short story writer and poet (suicide, born 1892)
- August 13 – James Oliver Curwood, American novelist and conservationist (born 1878)
- August 24 – Manuel Díaz Rodríguez, Venezuelan writer (born 1871)
- September 14 – Hugo Ball, German poet (born 1886)
- September 15 – Herman Gorter, Dutch poet and socialist (born 1864)
- October 8
- October 22 – Borisav Stanković, Serbian writer (born 1876)
- October 23 – Bernhard Alexander, Hungarian philosopher and polymath (born 1850)
- November 23 – Stanisław Przybyszewski, Polish novelist, dramatist, and poet (born 1868)
- December 5 – Fyodor Sologub, Russian dramatist and essayist (born 1863)
- December 17 – Hubert Harrison, African-American writer, critic, and activist (born 1883)
- Unknown date – Alfred Remy, German-born American philologist and music writer (born 1870)