. . JOURNALS: ACADEMIC RESEARCH JOURNALS : PUBLISHERS PUBLISHING AND PUBLICATIONS: ACADEMIC AND RESEARCH PUBLISHING : RESEARCH : LIBRARIES : BUDGETS AND BUDGETING : PRODUCT PRICING: If Harvard Cant Afford Academic Journal Subscriptions, Maybe Its Time for an Open Access Model . . If Harvard Cant Afford Academic Journal Subscriptions, Maybe Its Time for an Open Access Model By Keith Wagstaff April 26, 2012 Time Techlandhttp://techland.time.com/2012/04/26/if-harvard-cant-afford- academic-journal-subscriptions-maybe-its-time-for-an-open-access-model/
. A shorter URL for the above link: . http://tinyurl.com/cteka4d . .Last week, Harvards Faculty Advisory Council revealed that the school now spends $3.75 million annually on academic journal subscriptions. Why so much? According to a memo the council sent out, some journals cost the school up to $40,000 every year, with the two top publishers increasing the price of content 145% over the last six years.
.This is troubling for a number of reasons. First, in an age where the public can browse nearly 4 million articles for free on Wikipedia, a curious person looking to read up on the latest scientific research can expect to spend nearly $30 to $40 for a single paper from publishers such as Elsevier and Springer.
.While it would be nice if academic journals were affordable for the general public, they are an absolute necessity for university faculty and graduate students. Like your cable provider, publishers often sell content in huge bundles, packing in less desirable content with the good stuff and raising the price.
.Its not like publishers are hurting for cash, either, according to the memo:
.Even though scholarly output continues to grow and publishing can be expensive, profit margins of 35% and more suggest that the prices we must pay do not solely result from an increasing supply of new articles
. snip . One possible solution posited by Harvard to its academics: .Consider submitting articles to open-access journals, or to ones that have reasonable, sustainable subscription costs; move prestige to open access.
. snip .Traditional academic journals certainly have their place. But if they continue their monopolistic business practices, eventually academics are going to look elsewhere. Open access journals increasingly outfitted with inventive new ways to search and interact with content are looking more and more attractive. The commercial sector has already embraced the promise of the Internet; its time for academia to do the same.
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