The highlight of each salon is a group reading in which each person selects a three-minute reading on the predetermined topic. “We’re reading about ‘failed revolutions’ tonight,” Ms. Rosenfelt reminded the crowd. She started with a passage from “To the Finland Station,” “in which Edmund Wilson couches the inevitable failure of Marxism in Edmund Wilson’s idea of the national and ethnic identity of Marx.” The room exploded in vaudeville-style hoots. Continuing around the circle, Ms. Fitzgerald, the would-be magazine writer, read from “The Cantos,” by Ezra Pound. Mr. Osterweil, the frustrated novelist, read from Guy Debord’s “Society of the Spectacle.” Tim Barker, a junior at Columbia, awkwardly admitted that he, too, had chosen a reading from Debord. (What are the odds?)