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.
Royal Economic Society
British Economic Association was founded in response to changing attitudes towards economics in the 1880s. Up until that point, the study of economics was typically taught as part of a broad curriculum, alongside subjects such as history and philosophy, and those engaging in the study of economics came from a number of professions and academic disciplines. Towards the end of the nineteenth century, there were academic movements to clearly demarcate and to define disciplines as scholarly subjects in their own right. For example, those in the fields of history and philosophy inaugurated such journals as "The English Historical Review" (1886) and "Mind" (1887), publications aimed mainly at their respective areas of study. Economic thinkers followed this example.