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Urged by SLR enthusiasts Andy Downes and Machiel Kalf I have been re-assembling my motor-racing history (1957-1966). I have a new web page – Cars (menu above). It has turned out to be a fascinating project – for others have also written about what went on, showing how limited and fallible is my memory of what I was up to 60 years ago.
Fortunately, some photographs exist (and do not lie?) The header shows my first win – in the Sebring Sprite 777EBH – at Oulton Park in the UK August 1959. The car is now fully restored and on the classic car circuit in the US. The SLRs are likewise visible in Europe.
Academic Activities. I came into management education in 1971 after Naval service and managerial work in several industries. I wanted to understand this experience. It proved more difficult – and more interesting – than I imagined. Ever since I have been working on a theory of the firm that hinges on the managerial/entrepreneurial imagination. I have only recently understood makes Knightian uncertainty central, suggesting why firms exist. It brings strategy, entrepreneurship, ethics, and leadership together into a single inquiry. The most crucial elements are (a) non-zero transaction costs, and hence (b) the processes that create economic value at least sufficient to cover these costs. Regrettably, Williamson’s analysis obscures rather than clarifies.