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Absolutely, as you say, it's necessary to use some sort of abstract framework when teaching, most especially at the introductory level. It's going to be easier for students to learn in a survey if they are able to think in terms of Chaucer being a Medieval poet, Shakespeare a Renaissance poet, Keats a Romantic etc.
Or a frustrated teacher. :p
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(There's something of a trend at some schools toward teaching the collection of individuals approach at the introductory level, and the result is, in my opinion, a disaster, since students spend more time being confused than appreciating the works they are reading). It's also true that it is equally important to teach from the start that these are generalizations and convenient imaginary lines, and that there is much more blurring between the boundaries of genres and timelines than one might suspect at first. I'm planning a chapter on Chaucer in my dissertation as well as chapters on 16th and 17th century writers, and it would be disastrous for me to approach such a project with a firm line in my mind at the year 1400 (Chaucer's death). There is much that Chaucer has in common with the later poets, both by virtue of their shared talents as writers, and by virtue of the way he was influenced by and dealing with writers like Petrarch from the Italian Renaissance, in a way that in places is, arguably, almost proto-Renaissance. There are many, many advantages to working without the benefit of an historical net, and of coming to terms with writers individually and out of the context of a larger framework.
When I went to school, there seemed to be two approaches even then, a historical approach and a genre approach. I think both are valid. But I do think it silly say that writers of a period think the same. Just look at the difference between Wordsworth and Keats. Both are Romantics yet frankly I think they are as different as Shakespeare and Milton.
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In summation, it's probably best to equally employ both the historic generality that groups artists in terms of chronologically designated categories, and the aesthetic generality that groups artists in terms of their skill in producing their art (and the pendulum of literary criticism swings pretty reliably between the extremes of these two generalities). Of course, the most fruitful and enjoyable place to be is between these two abstract poles: keeping both generalities in mind, but primarily dealing with the specifics of the poetry itself while shunning the temptations offered by either generalist extreme.
I would agree with that except for contemporary works. Anything within the last fifty years should just be left as individuals. I don't think we can make sweeping statements when we are that close to a work.