This chapter analyzes the neoliberal shift in the Indonesian higher education landscape through a political economy perspective and a Bourdieusian theoretical frameworkframework. The discussion reveals how Indonesian higher education has shifted from a public institution oriented toward national enlightenment to a corporative entity subject to market logic. By tracing the historical genealogy from the colonialcolonial period to the contemporary era, the chapter identifies a critical juncture after the 1997–1999 monetary crisis when the intervention of international financial institutions through the Structural Adjustment Program accelerated the penetration of neoliberal ideology into the national higher education system. Through an exploration of three main domains affected—policy, institutional, and human resources—the analysis demonstrates how the symbolic capital of supranationalsupranational institutions is converted into doxadoxa in the field of education, resulting in a fundamental paradoxparadox: while policy rhetoricrhetoric emphasizes democratization and increased access, actual practice deepens social stratification. It reduces higher education to an instrument of homo economicushomo economicus productionproduction alienated from its constitutional mandate to educate the nation.