If Harvard Can’t Afford Academic Journal Subscriptions, Maybe It’s Time for an Open Access Model

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Keith Wagstaff, TIME Magazine
Last week, Harvard’s Faculty Advisory Council revealed that the school now spends $3.75 million annually on academic journal subscriptions. Why so much? According to a memo the council sent out, some journals cost the school up to $40,000 every year, with the two top publishers increasing the price of content 145% over the last six years.