Let internet replace journals

"Take the Australian Economic Review, for example. It is an academic journal published on behalf of the Melbourne Institute of Applied Economic and Social Research. The three editors of the AER are all professors at the University of Melbourne. They are assisted by the Melbourne Institute's publications manager, who...lays out the journal for the publisher....AER's British publishing company, Wiley-Blackwell...receives high quality, peer-reviewed, fully edited articles on perfectly designed pages free of charge from Australia. Its only task is to print them and upload electronic copies to its website....Australian universities wishing to read the AER online and in print are charged $507 for an annual subscription...."