In this wide-ranging and insightful analysis, the author proposes a poetics of narrative for postmodernism by placing new emphasis on the folktale. He beings by examining the key features of folktales: their emphasis on a chain of events rather than description or consciousness, their emphasis on a self-contained fictional environment rather than realism, the presence of a storyteller as a self-confessed fabricator, their oral and communal status, and their ever-changing state, which defies authoritative versions.