Answer: Biographical criticism is often associated with historical-biographical criticism, a critical method that "sees a literary work chiefly, if not exclusively, as a reflection of its author's life and times".
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<em>New Criticism was a formalist movement in literary theory that dominated American literary criticism in the middle decades of the 20th century. It emphasized close reading, particularly of poetry, to discover how a work of literature functioned as a self-contained, self-referential aesthetic object.</em>
Explanation:
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The tone in the last stanza is regretful. The poem is about a man who received advice from a wise man that he can give away all his wealth but not his heart. He's told that once you give away your heart, you lose it and end up regretting it. He experiences it and regrets afterwards.