History
In 1537, the Academy of Lausanne is founded as a school of theology. In 1890, the Academy of Lausanne receives the status of University and it is within the Faculty of Law that economics is taught. This period is strongly influenced by Léon Walras (1834–1910), the founder of the Lausanne School and creator of the general equilibrium theory. It is also the time of Vilfredo Pareto (1848–1923), famous author of the concept of Pareto efficiency.
On April 15, 1911, the "Ecole des Hautes Etudes Commerciales" (HEC) is founded by Léon Morf and Georges Paillard within the Faculty of Law. The same year, the school welcomes its 12 first students. Léon Morf, professor of management tools, public accounting, and financial mathematics is its first dean, followed by Georges Paillard.
Over the years, professors like Henri Rieben, founder of the first department of European Integration, François Schaller, President of the Bank Council of the Swiss National Bank from 1986 to 1989, perpetuate the reputation of the school.
Read more about this topic: HEC Lausanne
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“History is more or less bunk. It’s tradition. We don’t want tradition. We want to live in the present and the only history that is worth a tinker’s damn is the history we make today.”
—Henry Ford (1863–1947)
“There is a constant in the average American imagination and taste, for which the past must be preserved and celebrated in full-scale authentic copy; a philosophy of immortality as duplication. It dominates the relation with the self, with the past, not infrequently with the present, always with History and, even, with the European tradition.”
—Umberto Eco (b. 1932)
“America is, therefore the land of the future, where, in the ages that lie before us, the burden of the World’s history shall reveal itself. It is a land of desire for all those who are weary of the historical lumber-room of Old Europe.”
—Georg Wilhelm Friedrich Hegel (1770–1831)