London School of Economics
The London School of Economics was founded in 1895 by Beatrice and Sidney Webb, initially funded by a bequest of £20,000 from the estate of Henry Hunt Hutchinson. Hutchinson, a lawyer and member of the Fabian Society, left the money in trust, to be put "towards advancing its [The Fabian Society's] objects in any way they [the trustees] deem advisable". The five trustees were Sidney Webb, Edward Pease, Constance Hutchinson, William de Mattos and William Clark.
London School of Economics
LSE has a long list of notable alumni and staff, spanning the fields of scholarship covered by the school. Among them are eighteen Nobel Prize winners in Economics, Peace and Literature. The school has over 50 fellows of the British Academy on its staff, while other notable former staff members include Brian Barry, Maurice Cranston, Anthony Giddens, Harold Laski, Ralph Miliband, Michael Oakeshott, A. W. Philips, Karl Popper, Lionel Robbins, Susan Strange, Bob Ward and Charles Webster. Mervyn King, the former Governor of the Bank of England, is also a former professor of economics.