The London School of Economics is a public research university located in London, England and a constituent college of the federal University of London. Founded in 1895 by Fabian Society members Sidney Webb, Beatrice Webb, Graham Wallas and George Bernard Shaw for the betterment of society, LSE joined the University of London in 1900 and established its first degree courses under the auspices of the University in 1901. The LSE has awarded its own degrees since 2008.
LSE is located in Westminster, central London, near the boundary between Covent Garden and Holborn. The area is historically known as Clare Market. The LSE has more than 10,000 students and 3,300 staff, just under half of whom come from outside the UK. It had a consolidated income of £340.7 million in 2015/16, of which £30.3 million was from research grants. One hundred and fifty five nationalities are represented amongst LSE's student body and the school has the highest percentage of international students of all British universities. Despite its name, the school is organised into 25 academic departments and institutes which conduct teaching and research across a range of legal studies and social sciences.
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