Constitutional Rights in the Public Sector: Justice Douglas on Liberty in the Welfare State

Although the needs of the national economy and national security have vastly expanded the public sector, it is the direct underwriting of individual living standards and social services that characterizes the welfare state. Inevitably, conflicts between the views and objectives of the welfare state\u27s political management and the views of some claimants to welfare state benefits have put in issue the constitutional limitations on the power to deny, withdraw, or condition such benefits. And inevitably, the cry of constitutional rights in public programs has been countered with the cry of privilege. The arguments were already familiar when Mr. Justice Douglas joined the Court. But the growth of the welfare state since 1939 and the political pressures to exclude the unworthy from its earthly paradise have given the issue greater modern importance

1993 May

MSU Clip Sheet newsletters published in May of 1993

Essays on the Risks and Real Effects of Non-Bank Financial Institutions

These essays explore the risks and real effects of various non-bank financial institutions, such as open-end mutual funds, hedge funds, and venture capital. In the first essay, “A Dynamic Theory of Mutual Fund Runs and Liquidity Management,” I show that mutual funds are subject to bank-run-like risks, but the underlying mechanism is different. In the second essay, "Investment Exuberance under Cross Learning,” written with Shiyang Wang, we argue that firm cross learning can lead to inefficient investment exuberance, in which institutional investors’ (like hedge funds) play a key role. In the third essay, “Financing Entrepreneurial Production: Security Design with Flexible Information Acquisition," written with Ming Yang, we explores the optimal security design when the investor (like venture capital) can acquire information to help the entrepreneur make better investment decisions.Economic

New Hampshire general court, journal of the house of representatives, containing the 1999 session December 2, 1998 through November 3, 1999.

Titles and imprints vary; Some volumes include miscellaneous state documents and reports; Rules of the House of Representative

Senate journal 1996.

Titles and imprints vary; Some volumes include miscellaneous state documents and reports; Rules of the Senat

Senate journal, 4 December 2002.

Titles and imprints vary; Some volumes include miscellaneous state documents and reports; Rules of the Senat

Senate journal, 2 January 2002.

Titles and imprints vary; Some volumes include miscellaneous state documents and reports; Rules of the Senat

New Hampshire general court, journal of the house of representatives, containing the 1994 session January 5, 1994 through June 22, 1994.

Titles and imprints vary; Some volumes include miscellaneous state documents and reports; Rules of the House of Representative

Bowdoin Alumnus Volume 41 (1966-1967)

https://digitalcommons.bowdoin.edu/alumni-magazines/1039/thumbnail.jp