James Joyce's one extant play, Exiles, has never been held in great critical esteem. But rather than viewing it as an aberration in the Joyce canon, a fairer reading of the play takes into consideration the play's own theatrical context: what contemporary dramatists were doing both in print and on stage, what evidence there is of Joyce's own theatrical interests and what models he may have used in his own playwriting. The conclusion is that Joyce, surprisingly, wrote neither a ‘bad’ Edwardian play nor a slavishly Ibsenist one, but a pastiche of Victorian and Symbolist drama that roots the play firmly in the theatrical currents of the 1890s. In addition, Harold Pinter's landmark productions of the play in 1970 and 1971 revealed affinities with postmodernist drama, so that the play looks forward as well as back – it is simply not of its own time. If Exiles seems out of step with the developments of modernism, that is largely because it takes its inspiration from the European experimental theatre of the fin de siécle – not from the theatrical world of the Dadaists, Joyce's contemporaries. While this realization may not rehabilitate Exiles into the modernist canon or indeed the theatrical one, looking at the play's context and history raises key questions about the role of theatre and performance in the historiography of modernism.