Abstract
Xavier High School, a Micronesian boarding school founded by American Jesuit priests, is the setting for this examination of how students critique the concept of the possessive individual. The paper shows how exchange and the words used to describe exchange have been continually contested throughout the school's 50‐year history. Notions of exchange and its meanings are asserted and denied in school practice by the term ‘Xavier borrowing’, a phrase reflecting the inability of words to describe definitively the work of exchange. Viewing the school's history through contested property relations reveals the moral uncertainties inherent in making and unmaking possessive individuals.
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