By charting a different path through the fiscal crisis of higher education, these institutions remind even their larger and better-resourced peers that credentialing and labor market signaling comprise just one aspect of higher education’s purpose. Liberal arts colleges, in particular, have always sought to cultivate individuals capable not only of thriving in capitalist markets but also of questioning their logics and limiting their excesses. They foster the civic habits, forms of judgment, and dispositions of character that help hold our common life together. In that sense, they form part of what Polanyi called society’s “counter-movement,” pushing back against the destructive tendencies of commodification. Above: View of Whitemore Hall, laundry building, and Frazier Hall at Sheldon Jackson College, Sitka, Alaska, 2000