The School of Economic Science was founded in London in 1937 to promote the study of the natural laws governing human society. At that time the central subject was economics. The study of philosophy arose in response to the Great Depression of the early 1930s. Thus the main issue underlying the early studies was how economic justice might be achieved through a fair system of taxation and equitable distribution of wealth.
The study of economics led to fundamental questions about the origin of the creation, the role of human beings in the world, the nature of society and the ultimate essence of a human being. The pursuit of these questions naturally led to the study of philosophy. In the early 1950s philosophy courses were offered and soon became the main endeavor of the School. The School’s approach to philosophy has been practical from the beginning. It proceeds on the basis that what is learnt is for the benefit of others and that the teacher never ceases being a student. All of the instructors, called “tutors”, are students themselves and have been practicing the philosophic principles for years. Philosophy forms the essential reference point for all studies in the School and economics courses, in addition to other disciplines, continue to be offered.
As students relocated over the years, new schools began around the world, each reflecting the society in which it was established. The Schools maintain regular contact with each other and share a common approach to the subjects.