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The London School of Economics and Political Science (LSE) is a public research university in London, England, and a member institution of the University of London. Founded in 1895 by Fabian Society members Sidney Webb, Beatrice Webb, Graham Wallas and George Bernard Shaw, LSE joined the University of London in 1900 and established its first degree courses under the auspices of the university in 1901. LSE began awarding its degrees in its own name in 2008, prior to which it awarded degrees of the University of London. It became a university in its own right within the University of London in 2022.

LSE is located in the London Borough of Camden and Westminster, Central London, near the boundary between Covent Garden and Holborn. The area is historically known as Clare Market. LSE has more than 11,000 students, just under seventy percent of whom come from outside the UK, and 3,300 staff. The university has the sixth-largest endowment of any university in the UK and in 2022/23, it had an income of £466.1 million of which £39.6 million was from research grants. Despite its name, the school is organised into 25 academic departments and institutes which conduct teaching and research across a range of pure and applied social sciences.

LSE is a member of the Russell Group, Association of Commonwealth Universities and the European University Association, and is typically considered part of the “golden triangle” of research universities in the south east of England. The LSE also forms part of CIVICA – The European University of Social Sciences, a network of eight European universities focused on research in the social sciences. In the 2021 Research Excellence Framework, the school had the third highest grade point average (joint with Cambridge).

LSE alumni and faculty include 55 past or present heads of state or government and 18 Nobel laureates. As of 2017, 13 out of 49 of all Nobel Memorial Prizes in Economics had been awarded to LSE alumni, current staff, or former staff. LSE alumni and faculty have also won 3 Nobel Peace Prizes and 2 Nobel Prizes in Literature. The university has educated the most billionaires (11) of any European university according to a 2014 global census of US dollar billionaires.
The London School of Economics and Political Science 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, W. S. de Mattos and William Clark.

LSE records that the proposal to establish the school was conceived during a breakfast meeting on 4 August 1894, between the Webbs, Louis Flood, and George Bernard Shaw. The proposal was accepted by the trustees in February 1895 and LSE held its first classes in October of that year, in rooms at 9 John Street, Adelphi, in the City of Westminster.