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The London School of Economics and Political Science (LSE) is a prestigious public research university located in London, England. It is known for its social science research and teaching, particularly in the fields of economics, politics, sociology, law, and anthropology.
LSE was founded in 1895 and has since become one of the leading universities in the world, consistently ranking among the top universities globally. It is a member of the Russell Group of research universities in the UK and is also a part of the prestigious Ivy League network.
LSE offers a wide range of undergraduate, postgraduate, and doctoral programs, as well as executive education courses. The university is home to a diverse and international student body, with students from over 150 countries studying at LSE.
LSE is known for its strong emphasis on research and its commitment to tackling global challenges through interdisciplinary study and collaboration. The university has produced numerous Nobel Prize winners and world leaders, making it a highly respected institution in the academic and policy-making communities.
The school joined the federal University of London in 1900 and was recognised as a Faculty of Economics of the university. The University of London degrees of BSc (Econ) and DSc (Econ) were established in 1901, the first university degrees dedicated to the social sciences. Expanding rapidly over the following years, the school moved initially to the nearby 10 Adelphi Terrace, then to Clare Market and Houghton Street.
The foundation stone of the Old Building, on Houghton Street, was laid by King George V in 1920; the building was opened in 1922.
The school’s arms, including its motto and beaver mascot, were adopted in February 1922, on the recommendation of a committee of twelve, including eight students, which was established to research the matter.
The Latin motto, rerum cognoscere causas, is taken from Virgil’s Georgics. Its English translation is “to Know the Causes of Things” and it was suggested by Professor Edwin Cannan. The beaver mascot was selected for its associations with “foresight, constructiveness, and industrious behaviour”.
The 1930s economic debate between LSE and the University of Cambridge is well known in academic circles. The rivalry between academic opinion at LSE and Cambridge goes back to the school’s roots when LSE’s Edwin Cannan (1861–1935), Professor of Economics, and Cambridge’s Professor of Political Economy, Alfred Marshall (1842–1924), the leading economist of the day, argued about the bedrock matter of economics and whether the subject should be considered as an organic whole. (Marshall disapproved of LSE’s separate listing of pure theory and its insistence on economic history.)
