McCraw, Thomas K(incaid) 1940-
McCRAW, Thomas K(incaid) 1940-
PERSONAL: Born September 11, 1940, in Corinth, MS; son of John Carey (an engineer) and Olive (Kincaid) McCraw; married Susan Morehead, September 22, 1962; children: Elizabeth, Thomas. Education: University of Mississippi, B.A., 1962; University of Wisconsin—Madison, M.A., 1968, Ph.D., 1970.
ADDRESSES: Office—Baker Library, Graduate School of Business Administration, Harvard University, Soldiers Field, Boston, MA 02163.
CAREER: University of Texas at Austin, assistant professor, 1970-74, associate professor of history, 1974-78; Harvard University, Graduate School of Business Administration, Boston, MA, professor of business administration, 1978—. Visiting associate professor of business administration, Harvard Business School, Harvard University, 1976-78. Military service: U.S. Navy, 1962-66; became lieutenant.
MEMBER: American Historical Association, Organization of American Historians.
AWARDS, HONORS: William P. Lyons Master's Essay Award from Loyola University of Chicago and Loyola University Press, 1969; Harvard-Newcomen resident fellowship in business history at Harvard University, 1973-74; Pulitzer Prize in history, 1985, for Prophets of Regulation.
Morgan vs. Lilienthal: The Feud within the TVA, Loyola University Press (Chicago, IL), 1970.
TVA and the Power Fight, 1933-1939, Lippincott (Philadelphia, PA), 1971.
(Editor) Regulation in Perspective: Historical Essays, Division of Research, Graduate School of Business Administration, Harvard University (Cambridge, MA), 1981.
Prophets of Regulation: Charles Francis Adams, Louis D. Brandeis, James M. Landis, Alfred E. Kahn, Belknap Press of Harvard University Press (Cambridge, MA), 1984.
(Editor) America versus Japan, Harvard Business School Press (Cambridge, MA), 1986.
(Editor) The Essential Alfred Chandler: Essays Toward a Historical Theory of Big Business, Harvard Business School Press (Cambridge, MA), 1991.
(Coauthor) Management: Past and Present: A Casebook on the History of American Business, SouthWestern College Publishing (Cincinnati, OH), 1996.
(Editor) Creating Modern Capitalism: How Entrepreneurs, Companies, and Countries Triumphed in Three Industrial Revolutions, Harvard University Press (Cambridge, MA), 1997.
(Coeditor) The Intellectual Venture Capitalist: John H. McArthur and the Work of the Harvard Business School, 1980-1995, Harvard Business School Press (Cambridge, MA), 1999.
American Business, 1920-2000: How It Worked, Harlan Davidson (Wheeling, IL), 2000.
Contributor to The Progressive Era, edited by Lewis L. Gould, Syracuse University Press, 1974; and Fifty Years Later: The New Deal Evaluated, edited by Harvard Sitkoff, Knopf (New York, NY), 1985. Contributor to scholarly journals and popular magazines, including Business History Review, California Management Review, American Scholar, Journal of Policy Analysis and Management, and American Heritage.
SIDELIGHTS: Thomas K. McCraw's Pulitzer Prizewinning book, Prophets of Regulation, profiles four men who were instrumental in the move for regulatory policy in the American marketplace. The working lives of these men—Charles Francis Adams, Louis D. Brandeis, James M. Landis, and Alfred E. Kahn—span the decades from the nineteenth-century railroad boom to the deregulation of the airline industry in the early 1980s. As Peter Schuck explained in the Washington Post Book World, "By tracing the careers and economic-political ideas of four central figures in the evolution of the administrative state . . . , McCraw hopes to illuminate some relationships between individuals and regulatory change, between ideas and regulatory techniques, that have previously been neglected and obscured."
Merin Wexler in the New York Times Book Review praised McCraw for his ability to explain "sophisticated economic theory in accessible terms." Schuck, appreciative of McCraw's "novel, stimulating approach," noted that McCraw's effort "to clarify the nature of regulation by carefully integrating biography, history of ideas and regulatory strategy pays handsome dividends." Eliot Janeway, commenting in the Los Angeles Times Book Review, reached a similar conclusion. "McCraw . . . has done an absorbing job of applying the Plutarchian art [of unfolding history in terms of trenchant personalities] to what might seem to be the tedious, Pecksniffian, barren subject of regulation in the United States," Janeway wrote. "Prophets of Regulation is a scholarly and provocative job of bringing Schumpeter's definition of economics as 'historical sociology' to life, presenting four regulators as role models in action."
In 1997 McCraw edited and wrote the introduction to Creating Modern Capitalism: How Entrepreneurs, Companies, and Countries Triumphed in Three Industrial Revolutions, which examines the evolution of capitalism in four industrial nations. Janet Knoedler, reviewing the book for Journal of Economic Issues, called it "an ambitious book, well-written and researched, comprehensive in its coverage and sweeping in its analysis."
BIOGRAPHICAL AND CRITICAL SOURCES:
Business History, April, 1999, Steven Tolliday, review of Creating Modern Capitalism: How Entrepreneurs, Companies, and Countries Triumphed in Three Industrial Revolutions, p. 165.
Business History Review,, summer, 1985, spring, 1998, W. Mark Fruin, review of Creating Modern Capitalism, p. 123.
Choice, December, 2000, R. L. Hogler, review of American Business, 1920-2000: How It Worked, p. 750.
Journal of Economic History, spring, 1985.
Journal of Economic Issues, December, 1998, review of Creating Modern Capitalism, p. 1170.
Los Angeles Times Book Review, October 28, 1984.
New York Times Book Review, October 21, 1984.
Washington Post Book World, October 7, 1984.*