Wednesday, December 9, 2009

London School of Economics

Founded 1895
  • By Sidney (Lord Passfield) & Beatrice Webb
  • Trustees – the Webbs, E. Pease
  • Funded by Sir Earnest Cassel, friend & adviser of Kind Edward VII
  • Rockefeller family provided financial support during post-war period.
  • Aim - to further the Fabian plan of bettering society, focusing on research on issues of poverty, inequality and related issues.


  • Edward VII set up United States Federal Reserve Board in 1913
  • In partnership with Jacob Schiff (head of Kuhn, Loeb & Company, NY)
  • & his banking partner, Paul Warburg

Sir Ernest Cassel

  • Influential German-Jewish financier
  • Associated with Kuhn, Loeb and Co
  • Instrumental with associates in founding United Stated Federal Reserve Board in 1913
  • 1920 – donated £472,000. to save this Fabian enterprise from serious financial difficulties
  • "Our object is to make this institution a place to raise and train the bureaucracy of the future Socialist State'."

Mervyn King

  • Former professor.
    Chairman of the House of Commons education committee
  • Current Governor of the Bank of England

Arthur Balfour

  • As Foreign Secretary in the administration of Lloyd George, he issued the Balfour Declaration 1917
  • Prime Minister of Great Britain
  • President Society of Psychical Research
  • Founded Synthetic Society, modelled on Metaphysical Society
  • Contributed 2000 pound to Fabian Society
  • Collaborated with Sidney Webb to introduce legislation in Parliament giving the school university status

Javier Solano

  • Head of NATO in 1995
  • Appointment pushed by Bill Clinton, Strobe Talbott, and Richard Gardner
  • Secretary-General of the Council of the European Union (EU)
  • 1999 - Secretary-General of the Council of the Western European Union (WEU)
  • Most planning sessions occur at L.S.E.

Roger Pearson

  • Obtained his master's degree at the London School of Economics
  • Chairman of World Anti-Communist League
  • Flooded European chapters with Nazi sympathizers and former Nazi SS officers
  • Leading Anglo-American academic race-scientists
  • Founded Institute for the Study of Man
  • Served on editorial board of Heritage Foundation's Policy Review

L.S.E. Board

  • Chairman of the Court of Directors – Peter Sutherland, Former Director General World Trade Organization
  • Vice-Chair of the Court of Directors – Sir Anthony Battishill
  • Current Director of School – Sir Howard Davies, Formerly Chairman of Financial Services Authority, Controller of Audit Commission, Director General of Confederation of British Industry , Deputy Governor of Bank of England
  • Labour peer Lord Judd
  • Tory MP’s – Virginia Bottomly & Rishard Shepherd
  • Lord Saatchi & Lady Howe

Top 10 Employees of Graduates

  • Principally accounting, investment banking, consultancy and law firms.
  • 30% of graduates going into "banking, financial services and accountancy"
  • Preferred university for employers in the private sector, financial services abroad and the City of London.
  • Cited as the ‘breeding ground’ for the City of London

Recent British government involvement

  • Proposals to introduce compulsory ID cards
  • Researching into the associated costs of the scheme
  • Shifting public and government opinion on the issue.
  • Influential in bringing about the introduction of tuition fees for UK universities in 2006
  • Continues to campaign for higher funding through its membership of the G5 Group. In 2008, it also came under fire, along with the University of Cambridge, for its publishing of a list of 'soft' subjects which it considered inappropriate for entry to its undergraduate courses

Speakers include

  • Kevin Rudd – Aust PM
  • George Soros – to the LSE Alumni Society of Malaysia

L.S.E. provides consultants to

  • U.K. government
  • international bodies such as the World Bank
  • the International Monetary Fund and
  • the United Nations
  • The Ford Foundation, which funds and whose members serve as trustees on the Council of Foreign Relations

Tony Blair (who unveiled the Fabian Window at LSE in 2005)

Harold Joseph Laski

  • Professor of political science at the LSE
  • Influential in British politics as an advocate of far left policies
  • World leaders including John F. Kennedy (and his brother Robert F Kenedy) studied under his guidance at the LSE.
  • Dr. H. V. Evatt in Australian politics, Preface to his book, The King and His Dominion Governors
    "I am also under obligation to Professor Laski, of the London School of Economics,for much encouragement and advice."

Anthony Giddens -

  • Former director of the LSE
  • Creator of the 'Third Way' followed by both Ront Blair & Bill Cliton.
  • His policy created a balance between the traditional welfare state and the belief in total free market economics.
  • This policy is being put into effect by governments all across the world as free market economies continue to deal with wealth inequalities and bettering the welfare of the general population.

USA Involvement

Rosa DeLauro – USA Congresswoman –

  • Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies (Chair)
  • Subcommittee on Financial Services
  • Subcommittee on Labor, Health and Human Services, Education, and Related Agencies
  • Endorsed Barack Obama

Monetary Policy Committee of the Bank of England

  • Mervyn King
  • Charles Bean – chief Economist
  • Rachel Lomax – Deputy Governor

Billionaire Alumni

  • Sir Stelios Haji-Ioannou - Founder of EasyGroup
  • Lord Saatchi
  • George Soros
  • Nick Varney - CEO of Merlin Entertainments, the world's second largest attractions group.
  • Clara Furse - current Chief Executive of the London Stock Exchange
  • Nugget Coombes - First Governor of Australia's central bank
  • Syed Ali Raza - President and Chairman of the Bank of Pakistan
  • David Rockefeller - International banker and statesman
  • Anirudh Rao – one of the biggest investors in the Indian stock market
    Presently managing the Shah International mutual funds, ranked among the top 10 Indian mutual funds.

Heads of State & Heads of Govt Alumni
o Forty-four from over 30 countries including –

  • Australia – PM William McMahon
  • Britain – PM Clement Atlee
  • Japan – Taro Aso
  • Denmark – Queen Magrethe II
  • Norway – Crown Prince Haakon
  • Germany – Chancellor Heinrich Bruning
  • Canada – PM Pierre Trudeau & Kim Campbell
  • USA – John F, Joseph & Bobby Kennedy

British Members of Parliament Alumni include

  • 29 Current Members
  • 45 current peers of the House of Lords

Musicians & Entertaners Alumni include

  • Sir Mick Jagger - The Rolling Stones, attended the school but dropped out to pursue his music career
  • Sir David Attenborough – Naturalist
  • Justin Webb - BBC Chief Washington Correspondent
  • Monica Lewinsky - graduated in 2006

USA President Barack Obama’s administration Alumni include

  • Peter Orszag - Budget Director
  • Pete Rouse - Senior Advisor
  • Mona Sutphen - Deputy Chief of Staff
  • Paul Volcker - Head of Economic Recovery Advisory Board
  • Larry Summers - Head of the White House's National Economic Council, taught at the School.
  • The LSE currently has more graduates represented in the U.S. adminstration, than any other university bar Harvard.

International Govt administration Alumni include

  • China – Yang Jie Chi - Foreign Minister
  • Ministers for Foreign Affairs for both Norway and Finland
  • Indonesia – Juwono Soedarsonso - Secretary of Defense

Legal Alumni include

  • Graham Hill – Australian Federal Court Judge
  • Cherie Booth QC, the wife of former British Prime Minister, Tony Blair
  • Baron Grabiner - former Chair of Court
  • Sir Charles Webster - founder of the United Nations
  • Ian Johnston - Chief Constable of British Transport Police
  • Dr. B. R. Ambedkar - Chief architect of Indian constitution
  • Makhdoom Ali Khan - Barrister Lincoln's Inn, former Attorney General of Pakistan & ex-offico Chairman Pakistan Bar Council
  • Anthony Kennedy - Associate Justice of the Supreme Court of the United States
  • Rosalie Higgins - International Court of Justice president
  • Manfred Lachs & Sir Christopher Greenwood - International Court of Justice
  • Shami Chakrabarti - current Director of Liberty
  • A.K.Sen – Barrister & former Indian Cabinet Minister

Teachers & Professors

  • Anthony Giddens, Baron Giddens - current Emeritus Professor, Director
  • Roger Liddle –
    o Special Adviser on European matters to Prime Minister Tony Blair
    o Developed a new UK policy of positive engagement in the European union, focusing on economic reform, innovation and enterprise promotion; modernisation of Welfare States and labour market reform; as well as institutional issues, the Constitutional Treaty, and European Defence.
    o Responsible for liaison with business and trade unions on European issues.
    o Member of the Cabinet of the European Union trade Commissioner, where he advised on EU policy and their impact on the UK.
    o 2006 - Principal Adviser to the President of the European Commission, leading a team of economists and experts in the Bureau of European Policy Advisers advising on the economic and social challenges facing Europe.
    o Currently vice chair of Policy Network – an international think tank bringing together academics, policymakers and politicians across the progressive centre left; responsible for major projects on the future of the European Social Model, public service reform, immigration and integration, flexicurity, and globalisation and social justice.
    o Visiting fellow of the European Institute at the LSE

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