Textbook Racketeering

America’s Textbook Racketeering Scams.

Exposing the Textbook Industry: How Publishers’ Pricing Tactics Drive Up the Cost of College Textbooks.

http://www.uspirg.org/uploads/22/2H/222HDF7QY3NY67fsP1JSfg/Exposing_the_Textbook_Industry_MA-02.01.07.pdf

Overview.

Students spend an average of $900 a year on textbooks—20 percent of tuition at an average university and half of tuition at a community college. Textbook prices have increased at four times the rate of inflation since 1994 and continue to rise. …

Affordable Textbooks

Congress passed HR 4137, the Higher Education Opportunity Act (HEOA). http://www.uspirg.org/static/PIRG%204137.pdf

Oct 15, 2007: Arnold Schwarzenegger vetoes SB 832, the California College Textbook Affordability Act, … Substitutes AB 1548

http://gov.ca.gov/pdf/press/2007bills/SB%20832%20Veto%20Message.pdf

http://info.sen.ca.gov/pub/07-08/bill/asm/ab_1501-1550/ab_1548_bill_20070223_introduced.pdf

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One Response to “Textbook Racketeering”

  1. worzzz Says:

    The “Broken Market”.

    The textbooks market does not operate according to the same economic principles as a normal consumer market. First, the end consumers (students) do not select the product, and the people choosing the product (faculty) do not purchase the product. Therefore, price is removed from the purchasing decision, giving the producer (publishers) disproportionate market power to set prices high. …

    http://en.wikipedia.org/wiki/Textbook

    Textbook Publishers: http://www.h-net.org/~survey/text/

    Brown & Benchmark Publishers; Houghton Mifflin; HarperCollins; Prentice-Hall; W. W. Norton; Dushkin Publishing; Little Brown; Harcourt Brace and Jovanovich; Worth Publishers, Inc; McGraw-Hill Publishers.

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