At the beginning of a new reign it seems appropriate to re-assess the meaning of monarchy in modern Britain. The new King heads a fractured royal family, a divided nation, and a disaffected Commonwealth. How can we as scholars make sense of where the monarchy has been, and where it might be going? This article suggests a new scholarly approach is required. Through a critical analysis of three classic studies of monarchy: Walter Bagehot’s The English constitution (1867), Kingsley Martin’s The (...) magic of monarchy (1937) and Tom Nairn’s The enchanted glass (1988), the lecture traces the lineage of modern interpretations of the British monarchy and points up their limitations. Preoccupied with the symbolism of monarchy, conventional scholarship neglects its important political functions. As the lecture argues, in the era of Brexit at home and populist regimes around the world, modern democracies may actually need monarchy more than ever before. (shrink)