This article attempts two things. First, it aims to reassess the literary criticism that Georg Lukács produced in the 1930s while he was living in the Soviet Union in light of his earlier, and much-esteemed, The theory of the novel. Second, in order to carry out this reassessment, it examines the place of Hegelian aesthetics in Lukács's theorization of realism in the 1930s criticism, in relation both to contemporary Soviet writings on the subject and to his own earlier, ostensibly Hegelian work. I argue that, at least in terms of the place of art in the historical dialectic, the later work is more consistent with Hegelian philosophy than The theory of the novel.