Putting a price on knowledge - Minnesota Daily

The rising cost of academic journal subscriptions is hurting university budgets. Can you put a price tag on knowledge? Publishers of academic journals seem to think so, and it’s often a high one. The increasing cost of subscriptions to academic journals and databases is taking its toll not only on the University of Minnesota’s budget but on the ability of students to get the most out of their college education. As the Minnesota Daily reported Oct. 23, the University spent $9.7 million on academic journal subscriptions in the 2012 fiscal year — that’s nearly three times the amount Harvard University spends annually on subscriptions, according to a Time magazine article published in April. http://www.mndaily.com/2012/10/30/putting-price-knowledge