Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Sunday, August 19, 2007

A publishing phenomenon in China

Aventurina King at Wired is reporting on a publishing phenomenon in China, where free web access to novels has spurred record sales of printed books.

Literary sites like Source of Chinese and Magic Sword invite authors to upload their novels onto the web, where they might get noticed by an avid audience of young readers and eventually by publishers. King tells the history of Zhang Muye's serialized novel Ghost Blows out the Light, which has been "viewed more than 6 million times online" and has "sold 600,000 in print," and of another novel titled Killing Immortals that was launched online before selling over a million copies.

This is a collaboration of media that provides opportunities for emerging writers, increases revenues for the sites and for the publishers, and broadens readership. King mentions that "writing and reading novels has become the hobby of an estimated 10 million youth." The trend also strikes a balance between the "wisdom of the crowd" in determining pop-culture merit and old-fashioned editorial gatekeeping, since site publishers can identify the best novels to present only on their for-pay "VIP section."

The trend even contains a hint of throwback to the Victorian age, with its rage for serialized epic-length stories:

In the print world, book length is limited by the cost of paper, printing and distribution. On the Internet, where production costs are close to zero, length equals profit. VIP readers pay a couple of cents for every thousand characters (a print novel generally has 250,000 characters). Contracted authors are paid seven to 12 dollars per thousand characters, depending on their clout.

I've been arguing for years that hypertext does not represent any threat to the book. Here's a case of the web's influence to preserve a traditional aesthetic in writing while revolutionizing the economics of publishing, for the benefit of writers and publishers and the public.

Nor is it in the least surprising that the audience is willing to buy the books they can acquire at a lower price or even for free online. The pleasure of reading, especially fiction and poetry, continues to require the physical page. In his essay "Visible and Invisible Books" that appeared in The Future of the Page, University of Virginia's Jerome McGann points out that:

The history of the book medium and the development of fictional conventions within that medium have evolved an extraordinarily nuanced and flexible set of tools for the imagination. The truth is that the 'hyper' media powers of the book, in this area of expression if not prima facie, far outstrip the available resources of digital instruments.

Friday, July 27, 2007

Peer review threatened by online academic publishing

I couldn't help but smile over Andrew Leonard's Weekly World News-inspired headline on Salon yesterday:

INTERNET ALIEN COMMUNISTS THREATEN TO NUKE 1000 YEARS OF ACADEMIC TRADITION!

This posting on his "How the World Works" blog covered the shutting down of the Weekly World News, and an article by economist Glenn Ellison about the future of peer review in academic writing and publishing.

The issue is over economists who are short-cutting the rigors of traditional academic publication by posting their papers online, for public consumption.

Ellison, Leonard writes, has compiled "data indicating that top economists are responsible for a shrinking share of the articles published in the best journals. And while this might be good for promoting public access to the latest in economic thought, it's bad, suggests Ellison, for the time-honored academic practice of validating the merit of new research through rigorously mediated peer-review."

While there's no question that peer review is essential to assuring the accuracy and soundness of academic research, the practice tended to centralize scholarly authority in a limited number of "elite" journals. If prominent academics bypass the journals by sharing their work online, the privileged status of the journals (and of the universities publishing them) is diminished.

This diminution of privilege begins to level the playing field between institutions of higher learning, since professors at "non elite" schools can now have electronic access to the data and other resources once physically confined to the major research centers.

And in an online world where space and location can't erect barriers to collaboration, “an up-and-coming new-growth-theory theorist at the University of Florida can coauthor a paper with a Stanford or Harvard or Chicago professor without having to move across the country."

Leonard refers to this new development as "the democratization of education." It's also a serious threat to the major research institutions that subsist lagely by commodifying knowledge.

Friday, July 20, 2007

Quote of the day

Copyright developed in the age of the printing press, and was designed to fit with the system of centralized copying imposed by the printing press. But the copyright system does not fit well with computer networks, and only draconian punishments can enforce it.

The global corporations that profit from copyright are lobbying for draconian punishments, and to increase their copyright powers, while suppressing public access to technology. But if we seriously hope to serve the only legitimate purpose of copyright -- to promote progress, for the benefit of the public -- then we must make changes in the other direction.


Richard M. Stallman, in the Abstract to his talk "Copyright vs. Community in the Age of Computer Networks," before the Computer Science Club at the University of Waterloo.