 “Territory is Value” 
This article proposes an analysis of the economic changes among the Innu of Unamen Shipu (La Romaine). The theoretical framework proposed in this article mobilizes the concepts of value, mode of production and personhood as formulated by David Graeber and Terence Turner. This theoretical position brings the author to consider the traditional mode of production of the Innu as a production of persons. The emergence of capitalistic relations among the Innu brought its set of contradictions and adap tations to the Innu’s reality. With the continuity of the production of Innu personhood depending upon the integrity of the territory, the author demonstrates how a new regime of value based on the territory has emerged in opposition to the work-value regime. The article ends with an analysis of the processes of exchange of the territory’s products. It is demonstrated how the traditional rules that dictated the circulation of those products are recreated in a generalized context of monetary transactions.