It was founded in 1927 under the name School of Political Sciences, due to the envisagement of two persons who had studied at the Free School of Political Sciences in Paris (Sciences Po), Georgios Fragoudis and Alexandros Pantos.[5] Pavlos Kountouriotis, the President of Greece at the time, inaugurated the central building of the University, which functioned for the first time on 18 November 1930, attended by 200 students. Alexandros Pantos bequeathed his fortune to the School, which was republished by the Prime Minister of Greece, Eleftherios Venizelos, making the institute stable in the academical scene of the country.