Neoliberalism provides a set of descriptions that enable complex political-economic relations to become intelligible. The framework of neoliberalism situates the university amongst a myriad of institutions utilized by government to facilitate its power flowing through regulation and control. The government, in turn, is revealed as the collective body of organized institutions that incorporate disciplines and practices intended to promote and to ensure class stability and economic security. In modernity, philosophy as an academic pursuit can be found in the university setting. This paper discusses the relationship between philosophy as a prescription for living (inextricable from action) and philosophy as an academic discourse produced by a tradition of scholasticism. If philosophy fails to fulfill its purpose as it was intended in antiquity, then what is its value in the present? If philosophy fails to provide the economic efficacy needed to justify its existence through the neoliberal narrative, then why is still offered through the university?