Last time, we looked at the difference between cost, value and price, and applied those concepts to simple markets like the one for chairs, and the complex market that is scholarly publication. We finished with the observation that the price our community pays for the publication of a paper (about $3,333 on average) is about 3–7 times as much as its costs to publish ($500-$1000)? How is this possible?

We have a tendency to be sloppy about language in everyday usage, so that words like “cost”, “value” and “price” are used more or less interchangeably. But economists will tell you that the words have distinct meanings, and picking them apart is crucial to understand economic transaction. Suppose I am a carpenter and I make chairs: The cost of the chair is what it costs me to make it: raw materials, overheads, my own time, etc.

Matt and I are about to submit a paper. One of the journals we considered — and would have really liked in many respects — turned out to use the CC By-NC-SA license. This is a a very well-intentioned licence that allows free use except for commercial purposes, and which imposes the same licence on all derivative works. While that sounds good, there are solid reasons to prefer the simpler CC By licence.

I’ve been on vacation for a couple of weeks, hence the radio silence here at SV-POW! after the flood of Supersaurus posts and Matt’s new paper on aberrant nerves in human legs. But the world has not stood still in my absence (how rude of it!) and one of the more significant things to have happened in this time is the announcement of RVHost, a hosted end-to-end scholarly publishing solution provided by River Valley Technologies.

Open-access journalist Richard Poynder posted a really good interview today with the Gates Foundation’s Associate Officer of Knowledge & Research Services, Ashley Farley.

You know what’s wrong with scholarly publishing? Wait, scrub that question. We’ll be here all day. Let me jump straight to the chase and tell you the specific problem with scholarly publishing that I’m thinking of. There’s nowhere to go to find all open-access papers, to download their metadata, to access it via an open API, to find out what’s new, to act as a platform for the development of new tools.

Provoked by Mike Eisen’s post today, The inevitable failure of parasitic green open access, I want to briefly lay out the possible futures of scholarly publishing as I see them.