I’m more a fan of dictatorships, but sure, monarchies are preferable to representational democracies.

Leslie Wayne in The New York Times:

A recent study that examined the economic performance of monarchies versus republics bolsters their views. Led by Mauro F. Guillén, a management professor at the Wharton School at the University of Pennsylvania, the study found “robust and quantitatively meaningful evidence” that monarchies outperform other forms of government.