ABSTRACT
The departure point for this paper is Hughes’s analysis of the export prospects (from the American viewpoint) of the new economic history. My aim is to elaborate some of the points he made about the institutional setting, which may, or may not, explain the British reaction to and acceptance of the new economic history – and, incidentally, to attempt to give some sort of response to the questions about the counterfactual past and the hypothetical future, which, with unnecessary modesty, he declines to answer.
