Our bookshelves are loaded with various textbooks we accumulated in college, Margie’s grad school, and my own teacher’s certification work. I remember the Evils of High Textbooks Prices even in those golden days of the early 80s … and it’s gotten both better and worse since then.
The average price of a book is around fifty dollars, and many, particularly in the sciences, will run you well over a hundred. A General Accounting Office report released this summer found that, since 1986, prices have risen at a pace of six per cent a year?double the rate of inflation. For critics, such numbers are proof that the publishers are manipulating the market. The dearth of competition in the business is an issue, but the fundamental cause of the price spiral is what economists call an agency problem: professors pick the textbooks, but students have to pay for them.
On the one hand, textbook publishers are encouraging profs to choose new, expensive versions with lots of flashy extras, posters, CDs and the like.
On the other hand, the Internet is also letting students more readily buy textbooks from abroad (where the same book can be significantly less expensive), and deal with the $2 billion/year used textbook realm.
Publishers are responding by forcing quicker revision cycles through registration-coded expiration-dated Internet and CD material.
Students are retaliating by simply not buying books that are on their “last year” of publication.
Publishers are …
The vicious cycle continues. I’m scared to think of what things will be like when Kitten gets of an age.
(via kottke)