If Harvard cannot afford its journals subscriptions – who can?
Harvard Library recently issued a memorandum on academic journals pricing. The letter states that:
Some journals cost as much as $40,000 per year, others in the tens of thousands. Prices for online content from two providers have increased by about 145% over the past six years, which far exceeds not only the consumer price index, but also the higher education and the library price indices.
The Faculty Advisory Council who is responsible for the memorandum underlines that even if publishing is an expensive business and the number of article submission grows significantly every year, such an increase in subscription prices and the 35% profit margin or even more of some publishers cannot be justified just by that.
The Council opens up a discussion on the change of its subscription policy. Among others it suggests Harvard scholars to submit articles in the open-access journals in order to move prestige to open access. It also urges scholars who sit on an editorial board to push for open-access policies.
See full letter here.
Do you think it is a milestone in Open Science? Will it have a major impact on academic publishers? Is it now possible to move prestige to open-access?