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Literary theory, as a distinct subfield of literary studies, is concerned with the fundamental questions of what literature is, how it functions, and how it should be interpreted. Its history is characterized by a series of paradigm shifts, where dominant frameworks are challenged by new schools of thought, often imported from or in dialogue with other disciplines such as philosophy, linguistics, and history.
The modern discipline emerged in the early 20th century as a reaction against biographical and impressionistic criticism. Formalism, particularly Russian Formalism, argued for a scientific study of literature's intrinsic devices, focusing on ostranenie (defamiliarization) and the distinction between story (fabula) and plot (syuzhet). In the mid-century, the Anglo-American school of New Criticism became the dominant pedagogical paradigm, advocating close reading of the autonomous literary text as a well-wrought urn, free from the intentional and affective fallacies. This formalist consensus was the core of academic literary study for decades.
The 1960s and 1970s witnessed a major transition, often termed the 'theory revolution,' which dismantled the text's autonomy. Structuralism, influenced by Ferdinand de Saussure's linguistics, sought to uncover the deep, universal codes and binary oppositions governing all narratives and cultural forms. This synchronic approach was rapidly superseded by Post-Structuralism and Deconstruction, associated with Jacques Derrida and the Yale School. Deconstruction challenged the stability of meaning, language, and the subject, arguing that texts inevitably undermine their own logical structures. Concurrently, Psychoanalytic Criticism, drawing from Freud and Lacan, analyzed literature through the dynamics of desire, the unconscious, and the formation of the subject.
From the late 1970s onward, theory turned increasingly toward the historical, political, and social dimensions of literature. Marxist Criticism and its more culturalist offshoot, Cultural Materialism (in Britain), analyzed literature as a product of ideological and economic conditions. In the United States, the parallel movement of New Historicism rejected grand historical narratives, examining instead the circulation of social energy and power in textual 'anecdotes' from the Renaissance. This period also saw the decisive emergence of identity-based and political frameworks. Feminist Criticism (evolving into Gender Studies and Queer Theory) critiqued patriarchal structures and the construction of gender and sexuality. Postcolonial Criticism, pioneered by figures like Edward Said, analyzed the literature of empire and its aftermath, focusing on hybridity, mimicry, and subaltern voice.
The late 1980s and 1990s were marked by the so-called 'culture wars' and the zenith of Critical Theory (in the Frankfurt School tradition) and high theory, often synthesized under the umbrella of 'Theory' with a capital T. This era also saw the rise of Reader-Response Criticism, which shifted focus to the reader's role in constituting meaning. However, by the late 1990s, declarations of the 'end of theory' became common, signaling a fatigue with grand metanarratives and a turn toward more situated, pragmatic, or ethical approaches.
The current landscape is pluralistic and often characterized by a 'post-theory' sensibility. The core canonical schools—from Formalism and Deconstruction to Feminism and Postcolonialism—remain active reference points. More recent developments often involve the deepening or intersection of existing paradigms. Ecocriticism applies environmental lenses to literary study. The Ethical Turn has revived questions of responsibility and alterity. Digital Humanities introduces quantitative and computational methods. Furthermore, there is a renewed emphasis on historical formalism and surface reading as reactions against symptomatic interpretation, and a continued expansion of the canon through Critical Race Theory and Disability Studies. While no single school is hegemonic, the field's history is preserved in its ongoing methodological debates, ensuring that the central questions of meaning, value, power, and form remain vigorously contested.