Bly’s engagement with myth and storytelling as essential tools for understanding identity, particularly masculinity, is indicative of a broader movement within psychology and literature that seeks to excavate the layers of human experience through the prism of ancient narratives. Myths, in Bly's framework, are not just old, entertaining stories but are imbued with the power to illuminate the psychological landscapes that shape individual and collective behavior. This perspective hinges on the belief that archetypes populate the human psyche, a concept borrowed from Carl Jung, which are manifested in myths and are reflective of universal human experiences expressed with variation through different cultures. Bly’s utilization of the Grimm brothers' tale of Iron John as a central motif illustrates how, for thinkers like Bly, a single myth can encapsulate the challenges and transformations that universally shape identity, and in this case, the masculine experience in particular.

Bly’s methodological approach to myths serves several functions in the exploration of identity. First, it acts as a bridge between the personal and the collective, offering individuals a lens through which to view their experiences as part of a larger, shared human journey. In this line of thought, by reconnecting with mythic stories, individuals can find alternative models of strength, vulnerability, wisdom, and responsibility that challenge contemporary stereotypes.