John Macquarrie’s contribution to Anglican systematic theology has been long acknowledged and his impact is still being felt both within and outside Anglicanism. His existentialist theology, with its roots in German philosophy, as well as Christian mysticism, can at times seem quite distant from ‘traditional’ Anglican theology, but when his way of engaging in theological reflection is examined closely, his epistemology does not appear to be as remote from the ‘traditional’ Anglican hermeneutic of Scripture, tradition reason as it might seem at first sight. This article will argue that Macquarrie’s epistemology is rooted in the Anglican three-fold hermeneutic inherited from Richard Hooker, albeit in a way that is adapted for the modern age. In some respects, Macquarrie’s hermeneutic is a development of Hooker’s ‘three-legged stool’, but a ‘stool’ that has been heavily renovated in light of, and in response to, the existentialist crisis seen in continental philosophy from Søren Kierkegaard onwards. Macquarrie offers a resolution to the tension between individual and corporate identities, and his epistemology may offer Anglican thought a means of negotiating some controversial contemporary theological issues.