01 Mar 2013


Thomas K. McCraw, 1940–2012


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Thomas K. McCraw, the Isidor Straus Professor of Business History, Emeritus, and winner of the 1985 Pulitzer Prize in History for his book Prophets of Regulation, died in November. He was 72 years old. "Tom was an extraordinarily insightful and influential historian, and the personification of the phrase 'a scholar and a gentleman,'" said Dean Nitin Nohria.

McCraw, who retired from the active faculty in 2006, came to HBS in 1976. A protégé of the late HBS professor Albert Chandler, he led the effort to develop the required MBA course Creating Modern Capitalism and taught an immensely popular elective course The Coming of Managerial Capitalism. A former editor of the Business History Review, McCraw was a prolific author. His other notable books include Prophet of Innovation (a biography of Joseph Schumpeter) and, most recently, The Founders and Finance (a study of America's immigrant treasury secretaries).

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