Academic Publishing Meets Capitalism | Lifestyle
lterrat's bookmarks 2017-08-10
"The obvious question to ask is how will these journals exist without the revenue stream companies like Elsevier and Springer-Verlag get from expensive subscriptions, article charges, and page fees? There are really two components of the answer.
The first one is that academic publishing actually is largely supported by volunteer service: peer reviewers work for free, academic editors either work for free or receive relatively small honoraria. Open Access journals won't pay any more than that -- but they can hardly pay any less."