The novel, which Bellow initially intended to be a short story, is a roman à clef about Bellow's friendship with the poet Delmore Schwartz. It explores the changing relationship of art and power in a materialist America. This theme is addressed through the contrasting careers of two writers, Von Humboldt Fleisher (to some degree a version of Schwartz) and his protege Charlie Citrine (to some degree a version of Bellow himself). Fleisher yearns to lift American society up through art but dies a failure. In contrast, Charlie Citrine makes quite a lot of money through his writing, especially from a Broadway play and a movie about a character named Von Trenck - a character modeled after Humboldt.