The School was founded with the initial intention of renewing the training of Britain's political and business elite, which seemed to be faltering due to inadequate teaching and research - the number of postgraduate students was dwarfed by those in other countries.
Škola je osnovana s inicijalnom namjerom ponovnog obnavljanja treniranja britanske političke i poslovne elite koja se činila kao da se sapleće zbog neadekvatnog poučavanja i istraživanja – broj poslijediplomskih studenata se strahovito smanjio u odnosu na ostale zemlje.