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Beatrice and Sidney webb 1930. Sidney James Webb, 1st Baron Passfield PC OM (13 July 1859 13 October 1947) was a British socialist, economist, reformer and a co-founder of the London School of Economics. Martha Beatrice Webb, Lady Passfield (née Potter; 22 January 1858 30 April 1943), was an English sociologist, economist, socialist, labour historian and social reformer