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The world currently spends about €7.6 billion per year on subscriptions to academic journals according to one report. If all journal articles in the world were published in journals like PLOS One, we would spend €2.6 billion on publishing. Compared with today’s expenditures, humanity would save €5 billion every year.
Research must be reliable and publication is part of our quality control system. Scientific articles get reviewed by peers and they get screened by editors. Reviewers ideally help improve the project and its presentation, and editors ideally select the best papers to publish.
Wall Street analysts say open access has failed, but their analysis might help us succeed. If we dare.
A post highlighting some policy goals and showing how the incentive system for publishing could easily be made into an important tool for achieving them.
