It's not like the colleges are hurting for money, they could subsidize these books and eat a lot of the cost. Wait aahahaha I made a joke.I don't think "scam" is the right word here - it seems to imply that there's something hidden or illegal going on.
College textbooks are not always used for years and years, either because information in them becomes updated or replaced with newer, more current information, or a different professor starts to teach the class, or whatever.
What this means is, a textbook is written and published, and it has a short and finite lifespan before it's replaced by another book. Add to that the fact that the audience for the book is pretty small (seriously, are that many people going into Barnes and Noble to pick up calculus textbooks for some light reading in the evenings), and it becomes easier to understand why the price is so high. A book which is marketed to millions of people that stands to be published and sold for 20 years has much more opportunity to make up the costs to the author, publisher, printer, etc.
As far as buying them back and reselling them, that's no different from any other business that buys used merchandise and re-sells it - they need to make money to stay in business. Altruism doesn't pay the bills.
What this means is, a textbook is written and published, and it has a short and finite lifespan before it's replaced by another book. Add to that the fact that the audience for the book is pretty small (seriously, are that many people going into Barnes and Noble to pick up calculus textbooks for some light reading in the evenings), and it becomes easier to understand why the price is so high.
Price gouging is most accurate.I don't think "scam" is the right word here - it seems to imply that there's something hidden or illegal going on.
College textbooks are not always used for years and years, either because information in them becomes updated or replaced with newer, more current information, or a different professor starts to teach the class, or whatever.
What this means is, a textbook is written and published, and it has a short and finite lifespan before it's replaced by another book. Add to that the fact that the audience for the book is pretty small (seriously, are that many people going into Barnes and Noble to pick up calculus textbooks for some light reading in the evenings), and it becomes easier to understand why the price is so high. A book which is marketed to millions of people that stands to be published and sold for 20 years has much more opportunity to make up the costs to the author, publisher, printer, etc.
As far as buying them back and reselling them, that's no different from any other business that buys used merchandise and re-sells it - they need to make money to stay in business. Altruism doesn't pay the bills.
It's not like the colleges are hurting for money, they could subsidize these books and eat a lot of the cost. Wait aahahaha I made a joke.They won't even pay a college athlete his worth, why would they help you with a book.
This would have been a valid excuse in the 1980s. These days, print-on-demand services have made small-run prints very inexpensive. Consider, if these books are expected to have short shelf-lives, why are they hardcover? Put those same books in a standard trade paperback format, and you could probably get them printed for around $20 a copy. A standard markup would bump that up to $50 at full retail. Better yet, offering an eBook version could realistically drop the price to $20 or $30.
I don't think "scam" is the right word here - it seems to imply that there's something hidden or illegal going on.
College textbooks are not always used for years and years, either because information in them becomes updated or replaced with newer, more current information, or a different professor starts to teach the class, or whatever.
What this means is, a textbook is written and published, and it has a short and finite lifespan before it's replaced by another book. Add to that the fact that the audience for the book is pretty small (seriously, are that many people going into Barnes and Noble to pick up calculus textbooks for some light reading in the evenings), and it becomes easier to understand why the price is so high. A book which is marketed to millions of people that stands to be published and sold for 20 years has much more opportunity to make up the costs to the author, publisher, printer, etc.
As far as buying them back and reselling them, that's no different from any other business that buys used merchandise and re-sells it - they need to make money to stay in business. Altruism doesn't pay the bills.
LOL, if you think college BOOKS are a scam, what do you think about college in general ?
While one can debate the definition of "scam", I have no doubt college eduction these days is of the lowest quality to price ratio ever.
For most people, it's a waste of time and money, especially liberal arts degrees.
-t
Yup, it is a scam, you pay a premium for them, and then try to sell them back, and they only give you a fraction of what you paid. They then turn around and sell them close to what you paid for in the first place.
One of the problems I see too is the constant "update cycle" of textbooks that don't really need to be updated. The "staples" like Calculus, General and Organic Chemistry, physics and many other "hard" science and match classes haven't really changed in the last 20-30 years, or at least at for the freshman and sophomore level classes.
There really is no reason why James Stewart needs to write a new edition of Calculus every 2-3 years. When I was a freshman in college, I bought edition 5e, which I was told would last me through 3 semesters of calculus. That was all good and well, except for the fact that 6e came out between the time I took Calculus II and Calculus III. The two editions were almost word for word identical, except for the practice problems. Fortunately, I was not the only one in this situation-the professor was sympathetic to us, and specified alternate practice problems for those using the old edition.
Many professors that I've known will avoid adopting the newer edition for as long as they could, but the book store would often force them to adopt a newer edition because they were no longer able to get copies of the old one.
Silberberg's Chemistry is just as bad-I bought the 4th edition new when I took general chemistry as a freshman in 2006. I still use my 4th edition somewhat regularly as a reference, and really there are no new concepts and not much change in the text between the 4th edition and the current 7th edition.
My current department has somewhat solved the issue with general chemistry, as the textbook was written by someone in the department and is self-published. He puts the whole thing free online for download, or for students wanting a physical copy he sells it at slightly under cost(it costs him something like $19.10 to print, and he sells it for $19 so that he doesn't have to deal with reporting the the profit on it).
We had this back in my time in the late 80's! This is nothing new and we semi-solved the problem with the used book section. Those books were already highlighted, etc and marked at the important parts of of the book.
But Yes this scam perpetrated by the professors publishing this books. The deference between the new book and the used book was almost negligible.