(noun) The nonmarket transfer of goods or services between two or more people based on role determined obligations.
Example: The Kula exchange (also called Kula ring) in the Trobriand Islands near Papua New Guinea as studied by Bronislaw Malinowski (1884–1942).
Audio Pronunciation: (re·cip·ro·cal ex·change)
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- Plural: reciprocal exchanges
- Also called reciprocity.
- Economic Sociology Resources – Books, Journals, and Helpful Links
- Word origin of “reciprocal” and “exchange” – Online Etymology Dictionary: etymonline.com
- allocation of resources
- division of labor
- economic system
- market economy
- market exchange
- reciprocal exchange
- subsistence economy
How to Cite the Definition of Reciprocal Exchange
ASA – American Sociological Association (5th edition)
Bell, Kenton, ed. 2014. “reciprocal exchange.” In Open Education Sociology Dictionary. Retrieved December 14, 2018 (https://sociologydictionary.org/reciprocal-exchange/).
APA – American Psychological Association (6th edition)
reciprocal exchange. (2014). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from https://sociologydictionary.org/reciprocal-exchange/
Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)
Bell, Kenton, ed. 2014. “reciprocal exchange.” In Open Education Sociology Dictionary. Accessed December 14, 2018. https://sociologydictionary.org/reciprocal-exchange/.
MLA – Modern Language Association (7th edition)
“reciprocal exchange.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2014. Web. 14 Dec. 2018. <https://sociologydictionary.org/reciprocal-exchange/>.