The keen feeling of hazard and loss that attends Elizabeth’s point of view—the caution Jane gives her that Elizabeth’s habit of interpretation will “ruin [her] happiness”—is lost in a critical interpretation that celebrates her character as a representative of either social progress, cultural conservation or aesthetic consolidation.
Moe excellently addresses how narrative and Elizabeth's ideas interferes (and mislabels) the possibilities of progressive and modern actions. Elizabeth ends her friendship with Charlotte (essentially) because of their difference of interpretation (of the "modern" action)