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All Souls has a distinguished tradition in economic research and policymaking. The Drummond Professorship of Political Economy has been associated with the College since the late 19th century; Francis Edgeworth is a previous holder, as are three winners of the Nobel Memorial Prize in Economics - John Hicks, Amartya Sen, and Joseph Stiglitz. John Vickers, the current Warden, was formerly the Drummond Professor, a chair now held by Vincent Crawford. Two other chairs in economics are currently held by Mark Armstrong and Beata Javorcik.

The College also supports research in economic and social history, through the Chichele Professorship in Economic History, a University Readership and a University Lectureship. Former Fellows in the subject include G.D.H. Cole, Charles Feinstein, John Habakkuk, Peter Mathias, and Avner Offer.