Books
If you're a new student, you'll soon realize what returning students are already familiar with: the beginning
of the semester means buying books, notebooks, pens,
pencils, hi-lighters, book bags, and all kinds of other
school-related stuff. If you're one of those students without an endless supply of greenbacks, the cost of some of
these items may leave you with feelings ranging from
anger to amusement and a list of questions that starts with
the obvious and ends with the downright paranoid:
Aren't the prices for some of these books kind of steep?
Or: hasn't this book gone through a lot of editions for so
many minor alterations? Or: isn't this bookstore raking in
an awful lot of my dough? It might even cross you mind
that maybe the publishers have a plan for making textbooks obsolete or, that maybe some of the professors
are receiving kickbacks for choosing the most expensive
books for their courses.
Responses to such questions and suspicions vary considerably, depending upon who one asks. One thing is
certain: there are no simple answers to any of these relatively simple questions. Still, I was surprised at the
dominant theme that seemed to emerge from some of my
conversations with retailers and one publisher (three other
publishers did not return my calls): it would seem that
publishing and retailing textbooks are not very lucrative
businesses to be in. Although nobody I talked with denied
that producing and selling textbooks is a multi-billion
dollar industry, I couldn't find anyone willing to admit
that it was a reasonably decent way to make a living.
Publishers point to the extraordinary costs of producing a
book and of paying royalties to the author. Retailers point
to their dreadfully low profit margin on the sale of new^
textbooks. Everyone, it seems, wants to come out looking
good. Both the publishers and retailers would almost have
you believe that they are giving the books away, when
you ask them how much they are making in profits. And
yet, it sure seems to cost students a lot for such tacit public
.service.
Piles of books make up the tiisles of-the'bookstore, wniting for the Full
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