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A heavy-hitting, name-naming exposé by Wall Street Journal deputy bureau chief Golden concludes that Ivy League admissions offices do not practice meritocracy. Instead, top-drawer schools reward donor-happy alums and the "legacy establishment," which Golden defines as "elites mastering the art of perpetuating themselves." Moreover, the "preference of privilege" enables wealthy candidates to nose out more deserving working- and middle-class students, especially new immigrants and Asian-Americans. Golden backs his assertions with examples comparing the academic records of entering students: e.g., Al Gore's son was admitted to Harvard despite his shabby record, although a better prepared Asian-American was rejected at all Ivy Leagues because he was "unhooked" (in admission parlance, not well connected or moneyed). Asian-Americans, notes Golden, are the "new Jews," for whom a higher bar is set. Golden tracks shameful admissions policies at Duke, where the enrollment of privileged but underqualified applicants has helped elevate the school's endowment ranking from 25th in 1980 to 16th in 2005; Brown is skewered for courting the offspring of entertainment industry notables. Golden suggests reasonable, workable tactics for resurrecting the antilegacy campaign in Congress (led by Senator Kennedy) and devotes a laudatory chapter to the equitable admissions practices at Caltech, Berea College (Kentucky) and Cooper Union (New York City). (Sept.)