Educators have been observing the commodification of higher education for decades and noting the harmful consequences. Baudrillard’s work on symbolic exchange provides a nice interpretive framework for this shift, especially in light of Arum & Roksa’s Academically Adrift and Levine and Dean’s Generation on a Tightrope, both excellent studies of higher education. Their research reported that the primary focus of undergraduate education has become socializing, buoyed by inflated grades and low faculty demands.  If we consider education as a commodity, Baudrillard’s Symbolic Exchange would lead us to conclude that education's use-value has been replaced by social-value (“You are asked only to become socialized, not to produce or to excel yourself,” p. 11).  

If this line of thinking is correct, should we conclude that, in terms of use-value (i.e., quality of education) Harvard may not have a higher use-value (i.e., provide better education) than any second- or third-tier university, but it clearly has a higher social-value (status, prestige, etc.).

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