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Wednesday, February 14, 2007

Knowledge first and profit second, or vice versa?

Heather Morrison, The Mission of the STM Publisher: Scholarship - or Profit?  Imaginary Journal of Poetic Economics, February 13, 2007.  Excerpt:

A number of publishers have signed the Brussels Declaration on STM Publishing today, claiming, among other things, that it is self-evident that The mission of publishers is to maximise the dissemination of knowledge through economically self-sustaining business models.

For many publishers, nonproft and for-profit alike, a genuine interest in scholarship is indeed an important part of the organization's mission. However, it is extremely misleading to claim that it is self-evident that this is the mission of publishers, as clearly many publishers have other key goals - such as profits....This is reflected in the Strategy and Vision of Reed Elsevier, who "Since 2000, set ourselves a goal of achieving higher levels of revenues and earnings growth"....

Clearly, a statement that The mission of publishers is to maximise the dissemination of knowledge through economically self-sustaining business models - is not only not self-evident, it is glaringly inaccurate in not stating of of the key goals of many of the signatories, profit.  If this Declaration had been submitted for peer review - it should never have been published without revision....

Heather follows this with separate posts on the mission statements of McGraw Hill ("McGraw-Hill, if this is self-evident - why is disseminating knowledge not mentioned in your own mission statement?") and Wiley ("Why does the About Wiley page say nothing about knowledge or dissemination of knowledge?").