Marxist Literary Criticism analyzes literature through a sociological lens, viewing works as products of their historical/material conditions. It sees what we think of as worldviews as actually reflecting the dominant class's ideology. It focuses on class struggles and power dynamics revealed through literature. Key concepts include commodification, conspicuous consumption, dialectical materialism, material circumstances, and reflectionism. Strengths include encouraging close readings, but it is limited in only examining one aspect and potentially threatening/dismissing aesthetic qualities.