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Chicago Booth is the birthplace of The Chicago Approach^™, the educational philosophy that sets Booth apart from every other business school in the world.

This approach to business education and scholarship has yielded some of the most groundbreaking business insights and advances in the 20th and 21st centuries. The Chicago Approach provides an enduring, multidisciplinary framework—taught by the world’s best business school faculty—that will empower you to turn business challenges into opportunities, in any industry, anywhere in the world.

Rooted in the fundamental scientific disciplines at the heart of business—economics, accounting, psychology, sociology, and statistics—this approach grounds all Booth students in theoretical frameworks that help them define problems, ask better questions, and develop better solutions.

The History of The Chicago Approach

In the late 1950s and early 1960s, at a time when the world’s business schools were in crisis, The Chicago Approach—developed by pioneering Booth faculty James Lorie, PhD ’47, and W. Allen Wallis—revolutionized business education and sent Chicago Booth on a path to becoming one of the world’s best business schools. As economics, accounting, statistics, sociology, and other key business disciplines evolve, so does The Chicago Approach; it will be as effective tomorrow, and in 2060, as it was when first articulated by Lorie and Wallis. Discover the history of The Chicago Approach and why it is such a powerful tool for ambitious leaders in a data-driven, fast-changing world.