I'll mention that the smart physics textbook editor at Wiley, whom we
work with, a few years ago gave a very analytical talk at a physics
education conference on why textbooks MUST move to electronic form. He
gave a convincing summary of how the current scheme is dysfunctional
for everyone -- students, authors, faculty, and publishers. The only
group he could identify for whom it sort of works is university
bookstores, and even that group is going under as students buy books
over the web.

The current high costs are due not only to production costs but also
to the counterintuitive situation that competition drives prices
higher. Publishers spend a lot of money on reps who try desperately to
get a few minutes face time to tell uninterested faculty why they
should use the latest book. The situation is similar to that of
pharmaceuticals, where company reps try to talk to doctors. The
fundamental issue is that in the case of both textbooks and drugs, the
prescriber isn't the same person as the buyer.

Among the many dysfunctions one is almost humorous. A lot of money is
spent trucking books back and forth between publishers and university
bookstores, thanks to tax laws that require paying taxes on physical
inventory.

An interesting aspect of textbook prices is that it is the parents who
pay the (high) price to buy the textbook, but it is the student who
gets the (significant) money from selling the used book. This exchange
presumably contributes to the fact that very few students now keep
their college textbooks.

One possible change that interests our editor and us is that one can
imagine making an electronic textbook be highly interactive, not just
a replacement for paper, in which case an ebook could look much more
attractive. This possible context is one of the motivations for the
work I'm doing with David Scherer to make it easy to write 3D
animations that run in a browser. We're making good progress on this.

Bruce

On Sat, Jul 23, 2011 at 1:39 PM, Edward Angel <[email protected]> wrote:
> I suspect it's a rather hopeless venture, at least for technical books.
> I just spent a couple of days with my editors at Addison-Wesley. Since I
> have about 250 adoptions of my textbook in the US, both I and AW are very
> interested in all these issues and have been following the various attempts
> publishers are using to try to make money using the internet. For example,
> AW created CourseSmart where students get access to the book on the internet
> for the semester at about half of what the physical book would cost. That
> venture doesn't seem to be doing very well. Part of the reason is purely
> economic. If a student can resell the book to the bookstore at the end of
> the semester for 50% then why use the electronic version.
> But the most salient factor seems to be that students do not like reading
> technical books on ipads, kindles or any other device. One interesting
> option is that some publishers are offering is a combined option where you
> get both the physical book and the electronic version for a little more than
> the cost of the physical book. Students seem to like option that since they
> can have the electronic version on a portable device while in class but use
> the physical book to study with. But of course that costs even more than the
> outrageous prices students have to pay for just the physical book.
> All in all, the publishers have not a clue as to how to get out of the death
> spiral they're in. Once the used book sellers got organized, the publishers
> responded by hounding authors to do new editions every couple of years, an
> act that drove the price of textbooks through the roof since most of the
> cost is in the production of the book not in the marginal cost of printing
> more copies. It's gotten to the point where at a place like UNM where
> students really struggle financially, the cost of textbooks is edging to
> towards the cost of tuition. Many of us authors have seen our royalties stay
> the same as the cost of books rises while the numbers sold go down but we
> don't feel very good about the situation.
> Ed
>
> __________
> Ed Angel
>
> Chair, Board of Directors, Santa Fe Complex
> Founding Director, Art, Research, Technology and Science Laboratory
> (ARTS Lab)
> Professor Emeritus of Computer Science, University of New Mexico
>
> 1017 Sierra Pinon
> Santa Fe, NM 87501
> 505-984-0136 (home)   [email protected]
> 505-453-4944 (cell)  http://www.cs.unm.edu/~angel
>   http://artslab.unm.edu
> http://sfcomplex.org
> On Jul 19, 2011, at 9:17 AM, Owen Densmore wrote:
>
> Interesting: digital rental of text books at amazon:
>     http://www.iclarified.com/entry/index.php?enid=16101
> Others have done this sort of thing but this is pretty big-time.  And I
> notice that this is not only for the kindle device, but also for your
> computer, phone, ipad via their kindle apps, which now allow color, even
> though the kindle itself is black/white only.
>         -- Owen
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