The Product and Pricing of Scholarly Journals
In the last 350-plus years, as various fields of academic research developed and grew, the need for high-quality scholarly journals emerged to transmit the latest scientific discoveries and theories. This allowed scholarly journals to gain the preeminent foothold in scientific academic and research centers. Ironically, the birth of the modern scholarly journal had a rather unusual and unplanned history. This chapter provides an overview of the history and development of print and digital scholarly journals, including the gold open access movement. Attention is paid to the roles played by university presses, learned societies, libraries, and commercial scholarly publishers. Financial issues are addressed, including a detailed sample profit and loss (P&L) statement.