Russian formalism and Marxist criticism had a seismic impact on 20th-century literary theory and the shockwaves are still felt today. First published in 1979, Tony Bennett's Formalism and Marxism created its own reverberations by offering a new interpretation of the Formalists' achievements and demanding a new way forward in Marxist criticism. The author first introduces and reviews the work of the Russian Formalists, a group of theorists who made an extraordinarily vital contribution to literary criticism in the decade following the October Revolution of 1917. Placing the work of key figures in context and addressing such issues as aesthetics, linguistics and the category of literature, form and function or literary evolution, Bennett argues that the Formalists' concerns provided the basis for a radically historical approach to the study of literature.