Students are still paying too much for their textbooks, as book prices skyrocket at four times the rate of inflation, according to the new report from the Massachusetts Public Interest Research Group. The report highlights one major cause for the artificially high prices – publishers don’t provide clear information about their prices to faculty.
A new report, released today by The Make Textbooks Affordable Campaign, presents new case studies of how the college textbook publishing industry deliberately undermines the used book market and inflates prices. Based upon surveys and interviews of bookstore managers and university faculty across the country, the report – “Required Reading: A Look at the Worst Publishing Tactics at Work” – identifies specific textbooks that employ types of publishing tactics, and illustrates how they inflate the cost of textbooks for students.
A new report by the United States Government Accountability Office (GAO) confirms previous research conducted by the Student Public Interest Research Groups (Student PIRGs) into textbook prices. The GAO report, requested by Congressman David Wu last year, found that textbook prices have risen at twice the rate of annual inflation over the last two decades, an average of 6 percent each year since 1987-1988, compared with overall price increases of 3 percent per year.
The future of academic research is in peril. University budgets are decreasing while the cost of academic journals is skyrocketing. As a result, universities are unable to purchase vital journal subscriptions that help boost the quality and success of new academic research. Fortunately, new and innovative solutions are growing in popularity and have the potential to change the future of academic communication. (September 2005)
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