During times of economic stability and
abundant financial opportunities attracting liquidity providers is easy, whereas at times of greater uncertainty, finding liquidity providers is difficult.
Education is a field where value to society is not reflected in income, so it is important for HGSE to establish prestigious fellowships and
abundant financial aid
opportunities in order to enroll the highest caliber students — students who, as Hobbs says, might otherwise opt for business, law, or medical school.