01 Jun 2008


McCraw Wins Prize for Biography of Economist Joseph Schumpeter


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HBS professor emeritus Thomas McCraw has won the Business History Conference’s 2008 Hagley Prize for the year’s best business history book. Prophet of Innovation: Joseph Schumpeter and Creative Destruction was praised in the award citation for the “engaging artistry” of McCraw’s writing and for the way the book “skillfully connects Schumpeter’s landmark analysis of entrepreneurship to the history of modern business enterprise.” Schumpeter (1883–1950) taught at Harvard for twenty years and spent hundreds of hours at Baker Library doing research. Excerpts from McCraw’s book appeared in the June 2007 Bulletin.

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