Monarchical rule is said to have become anachronistic in a modern age of legal rational orders and representative institutions. And yet, despite successive waves of democratization having usurped their authority across much of the globe, a select few monarchs remain defiant, especially in small states. This stubborn persistence raises questions about the application of Huntington's "King's Dilemma" in which modern monarchs are apparently trapped in a historical cycle that will ultimately strip them of meaningful power. Drawing on in-depth historical research in three small states that have sought to combine democratic and monarchical rule-Tonga, Bhutan and Liechtenstein-we argue that, contra Huntington, monarchs in small states are neither doomed to disappear nor are they likely to be overwhelmed by the dilemma posed by modernist development. The lesson is that the size of political units is a critical variable too often overlooked in existing studies. Modern monarchs, Samuel Huntington famously argued, face a fundamental dilemma. 1 On the one hand, to promote social, cultural and economic development monarchs must centralise power. On the other hand, such reforms create a new cadre of elites whose political participation threatens to undermine their authority. By delaying modernist reform in favour of traditionalism the monarch can retain authority. But, stymieing progress increases the risk of popular revolt. As a result, Huntington argues, a peaceful transition from absolute monarchy to an electoral regime is virtually impossible. The modern monarch is caught in a perpetual trap that