Thomas McCraw

Obituary
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Thomas K. McCraw

Belmont, MA

Thomas K. McCraw, Straus Professor of Business History Emeritus at Harvard Business School and winner of the Pulitzer Prize for History, died on November 3 after a long illness.

Born on September 11, 1940, in Corinth, Mississippi, McCraw spent his childhood in a series of towns in Alabama, Kentucky and Tennessee, where his father was an engineer with the Tennessee Valley Authority. He graduated in 1962 from the University of Mississippi, which he attended on a Naval Reserve Officer Training Corps scholarship, and then served for four years as an officer in the United States Navy. On completion of his Navy service, he entered graduate school in history at the University of Wisconsin, where he earned M.A. and Ph.D. degrees. He rose to the rank of professor in his first teaching position, at the University of Texas at Austin. In 1976 he became a member of the faculty of Harvard Business School, from which he retired in 2007.

His most recent book, The Founders and Finance: How Hamilton, Gallatin and Other Immigrants Forged the American Economy, was just published in October 2012. His Prophet of Innovation: Joseph Schumpeter and Creative Destruction, published in 2007, received national and international prizes in the fields of business and economic history, and has been translated into six languages. The Pulitzer Prize was awarded to him in 1985 for Prophets of Regulation: Charles Francis Adams, Louis D. Brandeis, James M, Landis and Alfred E. Kahn. Professor McCraw taught for 30 years at Harvard Business School. He was the leader of the team who created the introductory MBA course "Creating Modern Capitalism" and the casebook of the same title.

McCraw is survived by his wife of 50 years, Susan (Morehead), of Belmont; his daughter Elizabeth McCarron of Wellesley, her husband Robert, and their daughters Eliza and Catey; his son Thomas K. McCraw, Jr., of Bedford, New Hampshire, his wife Michelle, and their daughter Caitlin. Tom is also survived by his brother John C. McCraw of Gainesville, Florida. Tom and Susan's daughter Carey died in 1970 in Sun Prairie, Wisconsin.

Friends and relatives are invited to visitation hours at Brown & Hickey Funeral Home in Belmont from 4 to 7 p.m. on Tuesday, November 6. Burial will be private. In lieu of flowers, the family will appreciate memorial donations to the Belmont Library Foundation, P. O. Box 125, Belmont, MA, 02478. On line guest book at www.brownandhickey.com

Funeral Home
Brown & Hickey Funeral Home
36 Trapelo Road Belmont, MA 02478
617-484-2534
Funeral Home Details
Published in Clarion Ledger on Nov. 24, 2012
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