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Here's an excerpt from Simon Caulkin's excellent article in this morning's Observer (just posted by Ben Toth). "How's this for a winning publishing formula? A university funds scientific research; the research is turned into a paper by an author, who pays a colour illustration and reprint charge - say, £1,000 - and surrenders the copyright for the privilege of publishing his findings in a specialised journal. Peers review the work for free, then the publisher prints the article - and sells it back for a hefty fee to the institution where the work was carried out in the first place. Welcome to scientific publishing....It may not stay that way for much longer....[T]he scientific publishing shake-up is due to a combination of unsustainable monopoly and online technology that undermines the cost basis of traditional publishing....But even in the short term, there will undoubtedly be a richer, more competitive publishing ecology. And you don't need a scientific journal to tell you that richer competition equals greater benefits for science - and poorer profits for the likes of Reed Elsevier."
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