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Through a survey of 200 employees working in five of the thirty establishments analysed in previous research about the microeconomic effects of reducing the working time (Cahier 25), the consequences on employees of such a reduction can be assessed; and relevant attitudes and aspirations better known.

THE Newcastle school, like most others, was established after the second world war to provide full‐time education in librarianship as an alternative to the part‐time system which until 1946 was the only one available to the majority of librarians. At first most of the students were returning servicemen whose library careers had been interrupted by the war and they were followed by students direct from libraries, universities and schools. From a handful of students and one full‐time member of staff in the first year the school has grown steadily until there were 53 students and five staff during the session 1962–3 which was the last course held for the Registration Examination.

Interest in developing institutional explanations of political and economic behavior has blossomed among social scientists since the early 1980s. Three intellectual perspectives are now prevalent: rational choice theory, historical institutionalism and a new school of organizational analysis. This paper summarizes, compares and contrasts these views and suggests ways in which cross‐fertilization may be achieved. Particular attention is paid to how the insights of organizational analysis and historical institutionalism can be blended to provide fruitful avenues of research and theorizing, especially with regard to the production, adoption, and mobilization of ideas by decision makers.

The purpose of this paper is to examine the day‐of‐the‐week effect for three primary money market instruments in Canada. The sample period is 1980‐2009.

The authors use three approaches. First, a parametric t‐test is employed to determine if a particular day‐of‐the‐week mean return is significantly different from zero, using both a full sample and a trimmed sample. Next, the Wilcoxon signed ranked test is utilized to assess whether the median weekday return is different from zero for each day. Lastly, a binary regression model is used to test if Monday's mean return is different from other days.

The traditional Monday effect is prevalent in the 1980s for corporate paper and treasury bills (TB), but not for bankers acceptances (BA). In the 1990s, the Monday effect disappears completely. However, in the 2000s the Monday effect reappears, but is positive (it reverses) for both corporate paper and BA. The authors also find strong support for Wednesday being a high return day, which concurs with related money market studies.

While the results are statistically significant, the economic significance is dubious. This study helps market participants in that it shows that they need to allow for distinct day‐of‐the‐week patterns when using yield spreads.

One practical implication for practitioners is to time purchases of Canadian money market securities for Monday when returns are low (relying on the results of the full sample period). Issuers should time sales for non‐Mondays when returns are higher and yields are lower.

This study is original in that it is the first one to analyze day‐of‐the‐week effects in the Canadian money market. The authors compare the results to studies that focus on the US market.

In recent years the importance of market‐related information obtained by the sales force and used in marketing decision making has been recognized, but seldom studied. Where investigations have explored the sales force intelligence‐gathering function, researchers have focused on selected aspects of this activity and generally ignored the overall system in which information collection and transfer take place. This article attempts to satisfy the need for such a system by presenting a model of the sales force intelligence‐gathering function.

This study investigates the time‐series properties of operating cash flows per share and earnings per share for all manufacturing firms on the Compustat Quarterly Industrial tape for which sufficient data are available. Both individually‐identified and “premier” models are compared on the basis of their relative fit and forecasting accuracy. The empirical results suggest that for both accounting variables the individually‐identified models outperform the premier models, although this advantage is larger for earnings, and for forecast horizons beyond one quarter ahead. A major conclusion of the study is that the time‐series properties of cash flows are quite different than those of earnings. In particular, the cash flow series are considerably less predictable, as shown by their relatively high incidence of white‐noise series and relatively large forecast errors.

Presents the first chapter in this work with regard to the search for new ideas and better interpretations in the growth and development of new ideas. Investigates the exchange of views between thinkers of different points of view. Invites co‐operation between various factions to investigate unification of all known sciences (natural and economic) and to include the arts. Mentions all the great thinkers in these areas and unreservedly discusses their contribution in the school of thought. Proffers that modern technology cannot and should not be slowed down and that for the social economy of human solidarity should be aimed for, to begin a new era for humanity.

Even those most skilled in the art of diagnosis occasionally need to be reminded that common things occur most commonly; it saves them chasing obscure signs to uncommon conclusions. Having spent several uncomfortable days in snuffling and snivelling, sneezing, streaming; sequestered with the piles of wet handkerchiefs mounting, with which we believe we have developed entirely novel and hitherto untried methods of nose‐drying; in all this, we felt the urge to write a little to those who search for uncommon things in food about that commonest of all common things—the common cold! This may not be so important after all, as there has at last been developed satisfactory culture‐techniques for the common cold viruses and cold vaccines are now distinctly probable, so that for generations unborn, the common cold may become an uncommon infection. Who knows?

I think that psychologically it is most important that, as long as possible, every effort should be made to maintain the supply of foods enabling dishes of an attractive character to be produced. The morale of the big cities must be maintained, and as a large proportion of the population in these cities takes at least one meal a day in a public eating‐place, and, moreover, as the housewife relies on the pastrycook for an ever increasing proportion of her non‐basic foods, not to mention the basic foods themselves, every effort must be made to maintain producers of foods in such a position that they are able to supply cakes, confectionery, biscuits and so on. And in suggesting this I am being a realist; I have experienced the depression of the “ Berliner ” when it became impossible for this kind of food to be bought except by the very rich or the very powerful. It is, in fact, not sufficient to provide the necessary calories, the necessary vitamins, the necessary “trace” elements, as the Americans have called them; the method of presentation must be studied, for this is of vital importance in the maintenance of good health. From the scientific point of view it is deplorable that six months had to pass before the Ministry of Food appointed a scientific adviser. Dr. Drummond's influence in that capacity should help to straighten out some of the muddles into which the Ministry have apparently been led. It is obvious that our vaunted preparedness did not extend to the realm of food. One important point must be borne in mind, namely, that although the Ministry did not appoint a scientific adviser until February, 1940, they had at their disposal the experts of the Food Investigation Board and of those research associations in food science which I have already mentioned. Possibly, therefore, the Ministry would consider that it was sufficiently well served, and that these bodies would have been able to produce the briefs on which the Minister could plead. But the Food Investigation Board—and I am speaking as an exmember of that body—is essentially equipped for long‐distance research work, and not for the solution of problems of immediate importance. No one has greater respect for the work of fundamental importance which the staff of the Food Investigation Board have produced than I, but except for practical problems concerned with a limited number of food products—beef tendering, bacon curing, fruit preservation—they are not in direct touch with practice. It has been a very sound policy to restrict the activities of their staffs to the solution of problems of fundamental nature, the results of which, when published, would be applied to practical problems by the chemists attached to foods producing firms. I cannot pass from this section without comment on the very admirable statement of certain aspects of the work of the Research Associations clearly expressed by the Director of the Research Associations of British Flour Millers, Dr. Moran, in the journal Milling recently. He gives in a few clear sentences his understanding of the functions of a research association. His words are: “The research association has four clear functions: (1) as a sentinel of progress and development not only in this country but throughout the world; (2) to carry out continuously research which the individual miller—certainly the small miller—could not undertake; (3) to deal with the day‐to‐day problems of members; (4) generally to improve the efficiency of the industry and the quality of its products by the greater application of scientific methods.” The degree to which these functions are realised by any association is an excellent yardstick by which to measure its success. The milling industry of the country is to be congratulated that the director of their research association has such definite ideas, and the country as a whole is to be congratulated that the council of at least one research association in food is sufficiently alive to the importance of their duties to allow such statements as I have quoted to be published. It certainly stimulates interest and confirms the faith which should be placed in science as applied to a basic industry. The food manufacturer has, naturally, been rationed in respect of raw materials, as have been the members of the public. Fats, sugar and meat have been available in decreased quantities, but with the advent of rationing a distinct lessening of wastage of food follows and no real difficulties of shortage have become apparent. The attention of chemists has however, been directed to “ alternatives.” I object to the word “ substitute,” because in the minds of the majority this suggests something inferior. In many cases the alternative is to use something more expensive, something which under normal conditions would not be used. For example, at the moment glucose, more expensive than cane sugar, has taken the place of a portion of the usual sugar; lactose, the sugar of milk, is being used although it costs about twice as much as cane sugar and has a sweetening power far below that of the usual sugar. But sugars are not only used for sweetening, as so many people seem to think. Their presence in a cake or other bakery product has a most important chemical or physicochemical action on the gelatinisation of the starch of the flour, and an adequate amount of sugar is therefore essential if the character of the product is not to be impaired. The use of alternatives is not to be confused with sophistication; the replacement of non‐available constituents must be differentiated from the dressing‐up of one thing to make it look like another. The artificial colouring of a cake with a brown colour and the description of the resultant product as a chocolate cake, is to be condemned, although such a cake may be as nutritious as the cake to which chocolate powder had been added. The caffeine of coffee and tea is of importance in giving a slight feeling of stimulation to the tired worker, and therefore roasted cereals, as supplied in Germany during the last war, and again to‐day, cannot be considered alternatives for coffee, neither can mixture of fruit leaves take the place of tea. It is to the scientist that Germany owes the development of her substitute and alternative foods. These substitutes and alternatives are far better than those Germany had in 1914–18, because very early on she enlisted her chemists, or rather those who had not been expelled, into the service of her Four Year Food Plan. Chemical research in the totalitarian states is in practice Government‐controlled—in practice only because in theory there has been no bar to private investigation—but the Four Year Plan in Germany as applied to food entailed the direction of food investigations by State officials and although not so obvious in Italy, the same thing obtained there for a number of years. The natural outcome is control of food production. An interesting example is to be found in the tomato‐growing districts in Italy. Through the research station at Parma the farmers and the factories dealing with tomatoes are definitely directed. The former are told what seed to plant, how much, how to till their land, how to manure it, when to gather their crops, how much to gather, the quantity to pack as fresh fruit, the quantity to send to the factories to be made into purée.