In 1974 Professor Marc Schwarz published a review article on the historical reputation of King James I, in which he pointed out that that reputation had considerably improved in recent years. The slobbering pedant, lazy, conceited, cowardly, alcoholic, spendthrift, fancying pretty young men and giving them far too much influence in court and council: the lineaments of this caricature, first drawn by that foul-mouthed discharged officeholder Anthony Weldon, have not altogether vanished. But as historians have examined various aspects of the king's reign, reread the sources un-blinkered by the biases and assumptions characteristic of the Victorians and perpetuated in this century, from their widely varying points of view, by the disciples of Gloriana and of Karl Marx, a different view of King James has begun to emerge. The new picture of the king is that of a seeker of the via media at home and of peace abroad, a man with acute political antennae whose style was anything but confrontational and whose success in achieving that via media, and in keeping the peace, was comparable to that of his much-admired predecessor. Typical of the converts is Professor J.P. Kenyon, who in 1958 adopted the traditional view of James in his collection of essays on the Stuart kings, but who twenty years later described him as “a strange medley of opposites: he was a fool in some sense, but in others a great man.”
Professor Schwarz's analysis of the recent literature dealt in some detail with four areas: the king's policy toward the church and especially toward the Puritans; foreign affairs; James's views of the constitution and his relations with parliament; and his rule in Scotland. On some other matters there had been no attempt to defend the king: his disastrous economic and fiscal policies, including the inflation of honors, and his predilection for favorites like Somerset and Buckingham. In a number of these areas the work of the past ten years has done nothing to alter Schwarz's verdicts. No significant new work on foreign policy has appeared save in connection with other matters, to be discussed below; the era awaits its R.B. Wernham. There has been no attempt to defend James's irresponsible attitude toward money, which was by far his worst failing as a king, and there is reason to suppose that his financial reputation is irredeemable. It might be pointed out, however, that the Jacobean age was a postwar era, a period of relaxation after the long period of domestic and foreign tension which began when Henry VIII decided to put aside his wife.