This paper is concerned with recent development of Economic History in Uruguay. It focuses on its institutional features as well as on the prevailing theoretical and methodological approaches and research topics. A foundational period 1960–1985 is shortly reviewed. Recent development is thereafter discussed and characterised as one of dispersion, re-foundation and specialisation. The paper concludes that, notwithstanding Economic History loosed its central place and weight among the social sciences, the discipline has gone through a process of institutional and organisational strengthening. This embraces specialised graduate education, fluent relationships to the international community and an attempt to combine historical knowledge with rigorous treatment of theory and method. On this basis, the production of more and better facts has been increasing and, hopefully, the discipline may regain an outstanding place in academic life.