History of the London School of Economics
The history of the London School of Economics dates from 1895, when the School was founded by Fabian Society members Sidney and Beatrice Webb, Graham Wallas, and George Bernard Shaw, with funding provided by private philanthropy, including a bequest of £20,000 from Henry Hunt Hutchinson to the Fabian Society.
Adam Smith School of Economics and Finance
The Adam Smith Business School (formerly known as 'Adam Smith School of Economics and Finance') at Glasgow University continues an academic record which dates back to the father of economics, Adam Smith (1723–1790). Serving as Professor of Moral Philosophy, he published a series of seminal works such as The Theory of Moral Sentiments, The Wealth of Nations and Lectures on Jurisprudence; the culmination of which set a foundational precedent for classical economic theory 300 years after the university's inception in 1451.