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=== Origins === The London School of Economics and Political Science was founded in 1895<ref name="LSEHistoryAbout">{{cite web|title=Our history|url=https://www.lse.ac.uk/about-lse/our-history|access-date=21 May 2021|publisher=London School of Economics|archive-date=17 May 2021|archive-url=https://web.archive.org/web/20210517103925/https://www2.lse.ac.uk/about-lse/our-history|url-status=live}}</ref> by [[Beatrice Webb|Beatrice]] and [[Sidney Webb, 1st Baron Passfield|Sidney Webb]],<ref name="LSEHistoryWebbs">{{cite web|last=Donnelly|first=Sue|title=Meet our founders|publisher=London School of Economics and Political Science |url=https://www.lse.ac.uk/about-lse/125-anniversary/blogs/meet-our-founders|access-date=25 May 2021|archive-date=25 May 2021|archive-url=https://web.archive.org/web/20210525063603/https://www.lse.ac.uk/about-lse/125-anniversary/blogs/meet-our-founders|url-status=live}}</ref> initially funded by a bequest of Β£20,000<ref name="SpartacusLSE">{{cite web|title=London School of Economics and Political Science|url=http://www.lse.ac.uk/resources/LSEHistory/lse.htm|url-status=live|archive-url=https://web.archive.org/web/20090805043238/http://www.lse.ac.uk/resources/LSEHistory/lse.htm|archive-date=2009-08-05|access-date=25 May 2021|publisher=London School of Economics and Political Science}}</ref><ref name="Statisticians">{{Cite book|author1-link=Chris Heyde|author = C. C. Heyde|author2 = Eugene Seneta|author2-link=Eugene Seneta|title = Statisticians of the Centuries|url = https://books.google.com/books?id=uS3dq_grwr0C&q=Hutchinson+bequest+LSE&pg=PA279|publisher = Springer|year = 2001|page = 279|access-date = 23 July 2009|isbn = 9780387952833|archive-date = 10 July 2023|archive-url = https://web.archive.org/web/20230710220720/https://books.google.com/books?id=uS3dq_grwr0C&q=Hutchinson+bequest+LSE&pg=PA279|url-status = live}}</ref> from the [[estate (law)|estate]] of Henry Hunt Hutchinson. Hutchinson, a lawyer<ref name="SpartacusLSE" /> and member of the [[Fabian Society]],<ref name="SmithLSEandEducation">{{cite web |last=Smith |first=Mark K. |title=The London School of Economics and informal education |url=http://www.infed.org/walking/wa-lse.htm |date=30 August 2000 |access-date=23 July 2009 |url-status=dead |archive-url=https://web.archive.org/web/20091015065721/http://www.infed.org/walking/wa-lse.htm |archive-date=15 October 2009 }}</ref><ref name="LSEPassfieldArchives">{{cite web|title = London School of Economics and Political Science Archives catalogue|url = http://archives.lse.ac.uk/dserve.exe?dsqServer=lib-4.lse.ac.uk&dsqIni=Dserve.ini&dsqApp=Archive&dsqCmd=show.tcl&dsqDb=Catalog&dsqPos=0&dsqSearch=(RefNo=%27passfield%27)|publisher = London School of Economics|year = 2008|access-date = 23 July 2009|url-status = dead|archive-url = https://web.archive.org/web/20070611143150/http://archives.lse.ac.uk/dserve.exe?dsqServer=lib-4.lse.ac.uk&dsqIni=Dserve.ini&dsqApp=Archive&dsqCmd=show.tcl&dsqDb=Catalog&dsqSearch=(RefNo='passfield')&dsqPos=0|archive-date = 11 June 2007|df = dmy-all}}</ref> left the money in trust, to be put "towards advancing its [The Fabian Society's] objects in any way they [the [[trustee]]s] deem advisable".<ref name="LSEPassfieldArchives" /> The five trustees were Sidney Webb, [[Edward R. Pease|Edward Pease]], Constance Hutchinson, [[W. S. de Mattos]] and William Clark.<ref name="SpartacusLSE"/> 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]].<ref name="LSEHistoryAbout" /> The proposal was accepted by the trustees in February 1895<ref name="LSEPassfieldArchives" /> and LSE held its first classes in October of that year, in rooms at 9 John Street, [[Adelphi, London|Adelphi]],<ref name="LSEHistory1895">{{cite web|title = LSE 1895 |archive-url=https://web.archive.org/web/20090805043238/http://www.lse.ac.uk/resources/LSEHistory/lse.htm |archive-date=5 August 2009|url = http://www.lse.ac.uk/resources/LSEHistory/lse.htm|publisher=London School of Economics|year = 2000|access-date =23 July 2009}}</ref> in the [[City of Westminster]].
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