In 2020, LSE celebrated 125 years of providing access to the best teaching and learning in the fields of economics and the social sciences. Founded in 1895 by married economists and social reformers Sidney and Beatrice Webb, the school focused on becoming a leader in teaching science-based research to investigate “economic and political relations” in the United Kingdom and other societies.
In its first years, the school focused on teaching not only economics, but also the history and geography of commercial enterprises, the principles of banking and currency, statistics, and political science. The impressive LSE library, later known as the British Library of Political and Economic Science, was developed to advance these studies. And, true to the philosophy of its founders, LSE was co-educational from its inception.
In 1900, LSE folded into the University of London, assuming the role of the latter’s economics faculty. Over the decades, LSE faculty and students have been the recipients of numerous awards, with 10 Nobel Prizes in Economics going to former faculty or students of the Economics Department alone. Eight additional Nobel Prizes have been awarded to staff in or alumni from other departments. Also, the school has taught at least 34 past or present heads of state or government.