The particular ethnographic cases through which the phenomenon of the
gift was first defined, coupled with the evolutionary paradigm in whic
h it was embedded, have limited our understanding of the nature and dy
namics of gift exchange. By charting the emergence of a gift exchange
system in the Mixtec-speaking town of Santiago Nuyoo over the last 135
years, this article discusses distinctive features of Mesoamerican gi
fting and suggests a perspective that makes gift exchange a useful cat
egory for historical analysis. It also examines the role of exchange i
n the transformation of the Nuyoo system of fiesta sponsorship.