Book review: The Economics of Open Access – on the Future of Academic Publishing
Two decades ago, the world of academic publishing was taken by a storm called ‘open access’. The movement of ‘open access’ advocates for making published content available to the public for free. No fees and no (or little) right-based restrictions to limit access (apparently, the wisdom that authors need financial incentives to create does not apply to scholars who write for pleasure or reputation alone). The aim of open access is [was] to democratize access to knowledge. In ‘The Economics Open Access’ , Thomas Eger and Marc Scheufen investigate whether ‘open access’ strategies have delivered on their promises. Combined with the rise of the Internet and digital technologies, open access strategies should have made the dissemination of knowledge (via academic publications) cheaper than ever. Instead, we find libraries facing higher subscription fees which forces them to cut back on their catalogue listing and monograph in-take…so what went wrong? The book offers an economic empir...