What are institutionalized values?

Answer 1

Learning, for example, is a basic value. People can learn with or without institutions. Learning can be institutionalized and turned into a commodity. As a commodity, it can be standardized, managed, monitored, and/or sold by an institution - i.e. schools. Health is another basic value, which can be institutionalized (and turned into a commodity) by hospitals, pharmacies, and insurance companies. By doing this, institutions claim to be the "source" of basic values.