Jim was born in Watford, United Kingdom, in 1917. Following graduation from the London School of Economics, he began graduate studies in Switzerland. When World War II broke out, he escaped Europe by crossing the continent to Portugal and securing passage to New York. He continued his graduate studies at the Brookings Institute in Washington, DC, then completed his PhD in Economics at The Ohio State University.
Jim served honorably in the United States Army during the war, working in the Office of Strategic Services. During his time in the military, one of his proudest achievements was becoming a United States citizen in 1944.
After the war, Jim returned to OSU to teach as an Associate Professor. In 1955, he moved to California to take a position as a full Professor at the Claremont Graduate School. In 1960, he joined the faculty of the School of Business Administration at the University of California, where he taught for twenty-two years, retiring as the Joseph A. DeBell Professor of Finance and Business Economics.
Following retirement, Jim packed more into his remaining years than most accomplish in a lifetime. His passions were travel and people. He visited every state, almost every state capital, every Canadian province, and over 120 countries. He learned Italian after retirement and practiced it in Italy. He was a United Air Lines 100,000 mile club member in 1955, a million mile club member in 1970, and recorded over 3,000,000 miles of travel in his lifetime.
Jim’s most gratifying teaching experience was when he accepted a position with the Semester at Sea program to teach on the SS Universe. Students spent a semester on a ship that circled the globe. Classes were taught at sea, but much experiential learning occurred in port, when students would experience the culture and history of various cities where the ship stopped. Jim taught in 1986, 1990, and 1993. He was the type of professor that made himself available to the students and truly enjoyed discussion and learning from his students. He made lifelong friendships from his experience with Semester at Sea.
Jim touched a great many lives, more than he realized. He will be missed by all who had the privilege to know him.
He was preceded in death by his parents and brother Ian Calderwood.