Harvard Library to faculty: we're going broke unless you go open access
by Laura Domela
April 24, 2012 at 12:24 PM
Henry sez, "Harvard Library's Faculty Advisory Council is telling faculty that it's financially 'untenable' for the university to keep on paying extortionate access fees for academic journals. It's suggesting that faculty make their research publicly available, switch to publishing in open access journals and consider resigning from the boards of journals that don't allow open access."
"Harvard’s annual cost for journals from these providers now approaches $3.75M. In 2010, the comparable amount accounted for more than 20% of all periodical subscription costs and just under 10% of all collection costs for everything the Library acquires. Some journals cost as much as $40,000 per year, others in the tens of thousands."
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