Transactional pathways: Institutional possibilities for status and wealth under racial/caste capitalism

I introduce the concept of transactional pathways, coined by anthropologist Jane Guyer, to trace the institutional processes that contribute to uneven and unjust patterns of wealth and status distribution under systems of colonialism and racial/caste capitalism. Transactional pathways employ historical perspectives to reveal how divergent economic institutions and sources of valuation relate to social hierarchies. This approach links everyday economic transactions with patterns of wealth accumulation that are based not only on class, but intersectional social groups including race, caste, and/or ethnicity. Transactional pathways account for the fact that not only do different groups receive different amounts of valuable resources because of uneven distribution, but they have variable access to the symbolic power required to define which resources are deemed valuable in the first place and to monopolize them accordingly. The article briefly surveys foundational concepts from the economic anthropology literature before detailing transactional pathways. It introduces the case of attempted formalization of waste collection and recycling in Delhi, India, using the related concepts of thresholds and conversions to analyze key moments when wealth and status accumulation becomes especially possible in institutionally plural contexts.