An anonymous reader writes "The Priceonomics blog has a post that looks into how so much of our scientific knowledge came to be gated by current publishing models. 'The most famous of these providers is Elsevier. It is a behemoth. Every year it publishes 250,000 articles in 2,000 journals. Its 2012 revenues reached $2.7 billion. Its profits of over $1 billion account for 45% of the Reed Elsevier Group — its parent company which is the 495th largest company in the world in terms of market capitalization. Companies like Elsevier developed in the 1960s and 1970s. They bought academic journals from the non-profits and academic societies that ran them, successfully betting that they could raise prices without losing customers. Today just three publishers, Elsevier, Springer and Wiley, account for roughly 42% of all articles published in the $19 billion plus academic publishing market for science, technology, engineering, and medical topics. University libraries account for 80% of their customers.' The article also explain how moving to open access journals would help, but says it's just one step in a more significant transformation scientific research needs to undergo. It points to the open source software community as a place from which researchers should take their cues."
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