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Creative destruction in the library, The Economist, June 29, 2006. An unsigned news story. Excerpt:
The normal mechanism [of academic journal publication] is that scientists offer the fruits of their research-- often bankrolled by the taxpayer-- for nothing to publishers. Those publishers then charge money to people who wish to read their journals. Publishers have been making handsome profits from this arrangement. But change is afoot. Open-access publishing, in which papers are freely available immediately upon publication, is sweeping the dusty corridors. The catch is that the sponsors of research will have to fork out more money to pay for it. Comment. This is a good survey of recent developments. I have just two corrections.
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