30 August 2011

The economics of academic publishing

Interesting article by George Monbiot on academic publishing. His quote of Deutsche Bank analysis sums it up pretty well:

"But an analysis by Deutsche Bank reaches different conclusions. “We believe the publisher adds relatively little value to the publishing process … if the process really were as complex, costly and value-added as the publishers protest that it is, 40% margins wouldn’t be available.”(11) Far from assisting the dissemination of research, the big publishers impede it, as their long turnaround times can delay the release of findings by a year or more(12)."

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