This document discusses literary criticism and theory. It covers Modernism and Postmodernism as literary periods. It also discusses the contributions of Henry James and Mikhail Bakhtin to literary criticism. For Henry James, it summarizes his emphasis on realism in fiction and his theory of the novel presented in "The Art of Fiction." For Bakhtin, it outlines his concepts of dialogism, heteroglossia, polyphony, and carnivalism and how they apply to the novel form. The document concludes by posing questions for students about these topics.