Robert Graves' THE GREEK MYTHS falls between the Victorian bombast of Bulfinch and the popular style of Edith Hamilton, less stylistically intimidating than the former and more scholarly than the latter. Originally published as a two volume set in 1955 with author revisions in 1957 and 1960, this single volume text does not abridge the original text but merely confines it to a single binding.
One's reaction to THE GREEK MYTHS will depend to some extent on one's purpose in acquiring it. This is an exhaustive collection of Greek mythology that far outstrips any other modern anthology that I have encountered, including myths both better known and extremely obscure. Each myth is presented in concise, graceful prose, and where possible Graves includes genealogies of the characters and major variations of each myth; an interpretive essay also follows each myth.
While Graves' retelling of the myths themselves have been widely praised, his interpretations of the myths have been somewhat criticized--and justly so. Graves tends to see incarnations of the "White Goddess" and the "Sacrificial King" in every third story; more dangerously, he tends to tie the myths to historical events in a highly speculative way. While this does not undercut the interest of his interpretations, it does hold a number of traps for the casual reader, who may assume that Graves' essays offer standard, scholastically unbiased interpretations based on proven historical events.
For myself, I use Graves' THE GREEK MYTHS as both reference and pleasure-reading, and I enjoy it a great deal; it is an indispensable purchase for any one with a serious interest in Greek mythology or for any one who must frequently reference the same for scholarly purposes, and I strongly recommend it to them. At the same time, however, I would hesitate to recommend it to readers who have not previously been exposed to Greek mythology or who wish only a general knowledge of the major Greek myths; in such cases I would instead recommend Edith Hamilton's MYTHOLOGY: TIMELESS TALES OF GODS AND HEROES.