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The London School of Economics and Political Science, more commonly referred to as The London School of Economics or LSE is a college of the University of London in London, England. It was founded in 1895,[3] and officially joined the federal University in 1900 as the Faculty of Economics, beginning to issue its degrees from 1902. Today it remains a specialist single-faculty constituent college of the University, the only such institution in Britain. Located on Houghton Street in Westminster, off the Aldwych and next to the Royal Courts of Justice and Temple Bar, it describes itself as "the world‘s leading social science institution for teaching and research".[4] The School is a member of the elite Russell Group,[5] the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies,[6] The Association of Professional Schools of International Affairs[7] and Universities UK[8] as well as the Golden Triangle of British Universities, and most recently the secretive 'super-elite' 'G5 Group' of Britain's five leading universities. In 2006, the LSE joined the 'U8' group, a worldwide student network of universities, linking universities from across the world. According to The Guardian newspaper, the London School of Economics has a"reputation that in this country only Oxbridge can beat".[9] The London School of Economics was founded in 1895 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. All believed in advancing socialist causes by reformist rather than revolutionary means, and the LSE was established to further the Fabian aim of bettering society, focusing on research on issues of poverty, inequality and related issues. This led the Fabians, and the LSE, to be one of the main influences on the UK Labour Party.[2]
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