what is kula exchange
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Kula, exchange system among the people of the Trobriand Islands of southeast Melanesia, in which permanent contractual partners trade traditional valuables following an established ceremonial pattern and trade route. In this system, described by the Polish-born British anthropologist Bronisław Malinowski, only two kinds of articles, traveling in opposite directions around a rough geographic ring several hundred miles in circumference, were exchanged. These were red shell necklaces and white shell bracelets, which were not producers’ capital, being neither consumable nor media of exchange outside the ceremonial system. Kula objects, which sometimes had names and histories attached, were not owned in order to be used but rather to acquire prestige and rank.