Ashton was educated at the
Ashton-under-Lyne secondary school and
Manchester University. His academic career was focused on economics and public finance. Ashton was Assistant Lecturer in Economics at the
Sheffield University from 1912 to 1919, and from 1919 to 1921, he was Lecturer and Tutor at
Birmingham University. In 1921, he was appointed Senior Lecturer in Economics at Manchester University. Eventually, he became Dean of the Faculty of Commerce and Administration and served in this capacity from 1938 to 1944. He then became professor of economic history at the
London School of Economics where he served from 1944 to 1954. In 1951 he was elected a Fellow of the
British Academy. In 1954 he gave the
Ford Lectures at the
University of Oxford. He was president of both the
Manchester Statistical Society (1938–1940) and the
Economic History Society (1960–1963). == Publications ==