Responding to Tirthankar Roy's article "The Economic Legacies of Colonial Rule in India: Another Look" (EPW, 11 April 2015), which reinterprets the economic legacy of British rule in India, this article critically interrogates the relationship between ideology, perspective, and method in an emerging strand of economic history. This strand tries to make history writing on colonialism consistent with the rationalisation(s) of contemporary globalisation. This article traces the ideological basis of "neutrality," explores the conceptual and historical fallacies of the "openness" paradigm, and assesses the methodological inconsistencies of cost-benefit analysis in the historiography of reinterpretations of colonialism in India.