In this latest addition to our series “Get to Know an Economics Ph.D.” we meet a Harvard Ph.D. from 1954, James William Ford. His Ph.D. dissertation’s title was “International monetary relations and the British monetary system, 1920-1939”.
Ford’s academic path began as an undergraduate at Oberlin, then he went on to Harvard for his graduate work. Before getting his Ph.D., Ford received one of the very first round of Fulbright Fellowships to attend Cambridge University. He taught at Columbia, Vanderbilt, and Ohio State followed by two years working at the Board of Governors of the Federal Reserve System. His long final career stage was with the Ford Motor Company as a leading financial economist.
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James William Ford (1923-2017)
Obituary
James William Ford, a beloved father, grandfather, and great-grandfather, died at age 94 on November 23 at his home in Ann Arbor, Michigan. Mr. Ford was born February 1, 1923 in Alameda, California, the son of Eunice George Ford and Shelton C. Ford, and older brother of Eunice Ford. He is survived by his second wife, Phyllis Ford; three children, Julian Ford, Amy Milkovich, Carol Arkin; two step-children, Jessica Leix and Peter Leix; 10 grandchildren; 1 step-granddaughter; and 7 great-grandchildren. In the first three decades of his life, Mr. Ford was an outstanding student and a City of Detroit High School Debate champion, served in the Army as a meteorologist during World War II, a graduate of Oberlin College in 1947, a Master of Arts recipient in economics from Harvard University in 1949, one of the first class of Fulbright Scholars in 1951 (at Cambridge University in Great Britain), and Doctor of Philosophy recipient in economics from Harvard University in 1954. Mr. Ford taught economics at Columbia University from 1951 to 1953, at Vanderbilt University from 1953 to 1957, and Ohio State University from 1957 to 1959, before becoming a postdoctoral fellow at the University Chicago with the eminent economist Milton Friedman. Mr. Ford served as Economist to the Board of Governors at the U.S. Federal Reserve from 1959-1961. He then moved to Ford Motor Company where he worked for the rest of his career until retiring in 1988. Mr. Ford was the Assistant Controller for the Ford Motor Company Finance Staff from 1961 to 1975, Executive Vice President for Insurance and Special Finance Operations at Ford Motor Credit Company from 1975-1977, then president from 1977-1980 and Chairman,1980-1987, of Ford Motor Credit Company. At Ford Motor Company he became Vice President from 1980-1987, Executive Vice President from 1987-1988, and President of Ford Finance Services Group from 1987-1988. Under his leadership, Ford Motor Credit Company developed a program and portfolio of financial policies and investments that achieved unprecedented fiscal success for the company. He visited and met with Ford Motor Company dealership executives all over the country, developing a network of successful entrepreneurs and many close friendships that lasted throughout his retirement. After retiring at age 65, Mr. Ford was very active for the next 25 years as a Board member for several nonprofit agencies serving children and families, investment firms, and most especially with the United Methodist Retirement Community and the Towsley Center in Chelsea, Michigan, where a wing is dedicated to his mother and a garden is dedicated to his beloved first wife Anne, and with Starfish Family Services. Mr. Ford was an avid tennis player for most of his life and captained a small sailboat every weekend for many years, and followed in his mother’s tradition by traveling widely around the world. He was a devoted brother to his younger sister, Eunice, and was much loved by many other members of the Ford family and in-laws on the Farley side of his and Anne’s family, and countless close friends including members of a potluck group in Ann Arbor that convened monthly for more than four decades. According to his wishes, a gravesite service will be held at Botsford Cemetery in Ann Arbor in the Spring…
Source: Published in Ann Arbor News on Dec. 3, 2017.
Image Source: Oberlin College Yearbook, The Hi-O-Hi, p. 32.