History of economic thought
In 1895 the London School of Economics (LSE) was founded by Fabian Society members Sidney Webb (1859–1947), Beatrice Webb (1858–1943), and George Bernard Shaw (1856–1950), joining the University of London in 1900.
History of the London School of Economics
The School was founded with the initial intention of renewing the training of Britain's political and business elite, which seemed to be faltering due to inadequate teaching and research - the number of postgraduate students was dwarfed by those in other countries. A year before the founding, the British Association for the Advancement of Science pushed for the need to advance the systematic study of social sciences as well. In fact, Sidney and Beatrice Webb used the curriculum of the Institut d'Etudes Politiques de Paris (best known as ""Sciences Po""), which covered the full range of the social sciences, as part of their inspiration for moulding the LSE's educational purpose. LSE was opened in October 1895 at No. 9 John Street, Adelphi, originally as a night school to bring higher education to the working classes.