Open access saves $1B
[Via Naturally Selected]
A new analysis suggests that making papers open access would pump $1 billion into the U.S. economy over the next few decades.
That’s about five times the amount it costs to archive the papers, according to ScienceInsider.
The economic analysis, about the effects of a pending National Institutes of Health policy that would make all papers from federally funded research free after a delay, comes from John Houghton at Victoria University in Melbourne, Australia, and his colleagues. He has also suggested open access could save nearly half a billion euros per year in the UK, as well. You can read more about the newest model here.
Publishers, of course, have decried the proposal. Do you think such a potentially dramatic cost savings is enough to convince skeptics?
I’m sure that the analysis will meet with some scrutiny but that is how we usually get closer to the truth. Someone takes some data to create information and produces some knowledge. Someone else takes that, adds some more data and, hopefully, creates more knowledge and a better understanding.
Cranking the cycle several times is how wisdom is achieved. So, perhaps soon we can find out if Open Access is actually a wise approach for many situations.