[3] Grice-Hutchinson is best known for her work on the history of economic thought in Spain, and particularly that of the late Scholastic School of Salamanca.
[citation needed] In 1993, she was awarded an honorary doctorate at the Complutense University of Madrid.
[citation needed] In 1996 she was awarded the Premio Castilla y León de las Ciencias Sociales y Humanidades [es].
[2][7] Her book The School of Salamanca was reprinted in 2009 by the Ludwig von Mises Institute.
[3] Encouraged to support the Royal National Lifeboat Institution (RNLI) at an early age by her mother, visiting Eastbourne Lifeboat Station, Grice-Hutchinson decided that a good way to honour her late mother, was with the provision of a lifeboat, in her mother's name.