Set in the context of the various materialist approaches to literary aesthetics that emerged in the twentieth century, Renfrew's study presents a new synthesis of the work of Mikhail Bakhtin (1895-1975) and his circle, Russian Formalism, and elements of the 'official' ideology of the early Soviet period. The book's central aim in offering such a synthesis is to negotiate the poles of postmodernist subjectivism and 'traditional' materialism around which much current literary and critical theory has stagnated, and, as the title suggests, to point the way towards a newly conceived material basis for textual and literary analysis.