Theological attitudes to Hegel have undergone considerable fluctuation in the 150 years that have elapsed since his death. If they were traced on a graph, the line would show a sequence of highs and lows. Hegel has been pronounced dead several times in these years, but he has shown a remarkable capacity for revival. And the occurrence of a revival near the 150th anniversary of his death may furnish an appropriate occasion for an examination of the ups and downs of Hegel in the theological stock-market.