According to Chris Power, a golden age of short stories has always been shrouded in a misty past and was on the verge of reemerging.
H.G. Wells thought the short story thrived in the 1890s. H. E. Bates said it was the 1920-30s. William Boyd said 1981 was a great year for the story form everyone secretly loved and read quietly in corner booths with their third beer.
While bitter experience has shown poetry exactly where it stands in the marketplace, and the novel has shrugged off multiple reports of its death and maintained pre-eminence, the short story is continually characterised as the neglected form that will be great again. The funny thing is, when you explore its history you find the perception of a distant golden age, an undistinguished present and a return to glory has always been around: the short story has a problem with reality.
(via Prufrock News)