The Webbs were major voices in British socialism, economic studies, and the scholarship of the cooperative movement. This influential work, published in 1894, details how the British trade union movement began and developed. It is a cornerstone of the British concept of the welfare society, incorporating organized labor into modern economic thought.
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Sidney (1859-1947) and Martha Beatrice Webb, née Potter (1858-1943), co-founded the London School of Economics and turned the Fabian Society into an influential voice in Edwardian politics. Beatrice was a sociologist, economist, and socialist; she coined the term “collective bargaining.” Sidney, who studied the same subjects as his wife, was named The Lord Passfield in 1929. Their works include Industrial Democracy, The Break-up of the Poor Law, and The Truth about Soviet Russia.