Reed Elsevier in U-turn as boycott bites | This is Money

“Reed Elsevier has slashed the price of one of its magazine titles amid a boycott over the prices of its publications. Almost 8,000 academics around the world are refusing to write for the publisher's journals, accusing it of charging 'exorbitantly high prices'. Reed suddenly cut the annual subscription price of Explorations In Economic History from £58 to £31 after the journal's editor Dr Tim Leunig publicly criticised the group's reaction to the boycott. Leunig, a reader in economic history at the London School of Economics, had lashed out after Reed Elsevier chief executive Erik Engstrom described the objections of his company's critics as being based on 'misunderstandings'. Leunig hit back, saying: 'He should be honest and state that in many cases his journals have an element of monopoly power.'”