The Princeton Review's 2009 Business School ranking rated the Tuck School of Business the second "Most Family Friendly" and the eighth "Best Administered" business school in the country, according to an Oct. 5 press release from The Princeton Review. The profile will appear in the "Best 301 Business Schools" 2010 guidebook published by The Princeton Review. The rankings were calculated using an 80-question survey on The Princeton Review's online student survey site, with an average of 65 students reporting for each school, according to the press release. The other ranking categories included "Best Classroom Experience," "Most Competitive Students," "Toughest to Get Into," "Best Campus Facilities," and "Greatest Opportunity for Women." Robert Franek, senior VP and publisher at The Princeton Review, said in the release that The Princeton Review does not believe in naming a single best overall business school.
University of California leaders may increase tuition by $900 a year for undergraduates studying engineering or business, The Los Angeles Times reported on Oct. 12. Members of the university system's Board of Regents could vote as soon as November on the idea, which, in addition to a proposed blanket $2,514 fee increase, would help the system cope with cuts in state funding, according to The LA Times. University of California graduate and professional schools already apply different prices to different areas of study, as do almost half of public research universities nationwide, according to a recent study by Glen Nelson, associate vice president of financial administration for the University of Wisconsin system, cited by the LA Times. Critics charge that the tuition change would improperly introduce higher fees for more popular courses of study
The 2009 Nobel Memorial Prize in Economics was awarded to two Americans, including the first woman to receive the prize, The Chronicle of Higher Education reported on Oct. 12. Tuck School of Business finance professor Kenneth French had previously been called a top contender for the prize by the British betting firm Ladbrokes. Elinor Ostrom of Indiana University, Bloomington and Oliver Williamson of the University of California, Berkeley won the prize for their research on theories of economic governance, which analyzes the relationship between economics and social organization, according to The Chronicle. Ostrom's work demonstrated that commonly held resources can be adequately protected by the decisions of their users, and are not always endangered and in need of privatization or strict oversight, while Williamson showed that businesses provide a good model for effective governance and conflict resolution as an alternative to market competition, The Chronicle reported.