Even though Wells' book can be seen in the utopian/dystopian model, I would say that today it fitted in with a 'Dying Earth' sub genre, with a lot of Steampunk thrown in. It is a very short story, 87 pages in total - not that it didn't have enough packed into it. To me, it is a caricature of Wells' observations on the Mid Victorian/Late Industrial Revolution, seen by the divided human race comprised of weak, childlike Uplanders (the Eloi) and the sinister subterranean dwellers (the Morlocks). An interesting book - I feel that it will fall into the band of 'Marxist' critique.
I have just read it as a regular reader, without an essay in mind - It will definitely be one that I will return to and REALLY devour if I have to compare/contrast in one of the modules (possibly Dicken's Hard Times). Before I turn the page of any other Dickens tomes (another is due through my front door tomorrow), I am going to attempt reading Bram Stokers' Dracula.