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Current Scientific Publishing Methods Problematic
A recent examination of current scientific publishing methods shows that they are problematic at best, treating the entire process like an economic system, with publishers as bidders at an auction, authors as sellers, and the community at large as consumers. "The authors then go on to discuss a variety of economic terms that they think apply to publishing, but the quality of the analogies varies quite a bit. It's easy to accept that the limited number of high-profile publishers act as an oligarchy and that they add value through branding. Some of the other links are significantly more tenuous. The authors argue that scientific research suffers from an uncertain valuation, but this would require that the consumers — the scientists — can't accurately judge what's significant. "
publishers as bidders at an auction, authors as sellers, and the community at large as consumers
Hmmm, there's some term I'm thinking of that deals with people in the middle of the source and the destination that take money for acting as men in the middle when they're not doing anything or providing any service except being in the middle of the transaction. Also, it's beneficial to the sellers & the consumers to eliminate these people. I think they're called 'rich greedy bastards.'
Seriously, hosting a document for me to view doesn't cost $100/mo. so why are you trying to charge me that? I know it's primarily physics but if any other field wanted to pull their heads out of their asses, they would leave the journals to the professors and start up something like arxiv for the rest of humanity that can't afford an outrageous premium!
My work here is dung.
There are things that you can run like a business, and there are things that you cannot. Without meaning to be political about it, look at what 8 years of running the country like a business with an MBA at the top has got us.
I have not read the article. If the summary is accurate reflection of the authors' point about this, then it is at once misguided, and foolhardy. The purpose of business in a modern capitalist economy is to produce goods at low prices that the consumers can afford, generate enough profit to please the shareholders and to set aside enough money to do research to develop the goods and services to increase these profits and consumer good down the road. Sure, businesses cannot be left alone to do what they wish and government regulations limit unchecked profit-mongering, but the primary purpose of businesses is to establish a market share and earn profit for the shareholders.
Contrast this with the purpose of scientific research. The purpose varies from gaining a more accurate understanding of physical, chemical and biological phenomena to leveraging these phenomena into processes and contraptions that improve the quality of human life (where you lie on this spectrum depends on how pure/fundamental or applied your area of research is). The only shareholders in this process are the authors of scientific work, and their reward varies from just scientific renown to funding for future research or even commercialization of the fruits of their research. However, to achieve the most progress, scientific research tends to be 'open source', in the sense that anyone capable of understanding, and with financial resources to buy access to the journals (if the work is not presented in the growing number of free journals online) can read not only what was done, but also how it was done (something commercial concerns never reveal).
Of course, scientific journals are often run like a business (at least successful and well-renowned ones), but to extend these ideas to the actual business of carrying out research is utterly misguided. The goals of business (from a businessman's pov) and science (from a scientist's pov) are very different. The authors might as well apply these ideas to conduct of a military for all the relevance it has.
There are a host of other objections to such treatment as well, but I will pause here as people know what they are.
Why don't they just start their own wiki? I would find a great deal of value in a wiki moderated by a team of reputable scientists that published their findings to the great peer review workflow.
You don't make money from scientific publications. (On the contrary, you typically pay page charges.) You benefit because no one is going to give you a job or research funding if all you produce is a bunch of self-published manuscripts on your website.
What I'm listening to now on Pandora...
Having a high publication helps a graduate student land a good post-doctoral opportunity. As a post-doc, you'll need a good publication record (Nature, Science, Cell) if you want to land a good faculty position at a top university (tenure track). A scientist that can semi-regularly publish in the top journals will have an easier time earning grants (without such, they wouldn't be able to run a lab). Without a good publication record, a junior faculty won't get tenure (the review is typically 5-7 years for the biological sciences post hire). Publications - no, make that publications in good journals - is everything.
From the scientist's perspective, if they have pure research, then, they can put it on a web site, such as the university web site or even their own, and just skip the b.s.
Any yahoo can post on a website. The reasoning behind scientific journals is that the science is peer reviewed before being accepted. While not everything published on Nature, Science or Cell is top quality work (politics does play a role), the signal to noise ratio is much higher than say, International Immunology. The science presented in the top journals usually has a much higher impact factor than the 'lower' journals; i.e A paper published in Nature Immunology or Nature Medicine typically has a much broader impact on the field than, say, a paper published in Journal of Immunology. That's not to say that the JI paper is worse than the Nat. Imm. or Nat. Med. paper - it's not. Just that the JI paper will likely be much more narrow in scope.
Information doesn't want anything.
YOU want information to be free.
I don't get it. To prevent a free market from growing into a cartel, there has to be an independant agency to (at the very least) verify the truthfulness of the marketing of items. That strives against the idea that the market is free because there is an agent restricting trade by verifying facts. Will someone explain to me how a market can be truely free and not devolve into a conglomeration of companies screwing the populous out of their money through treatury and customer lock-in?
Due to the publish or perish mindset at universities, scientific authors must be prolific. Putt's Law (good book) lampoons this quite well, roughly akin to an Amway style ponzi scheme. Sharing new knowledge with the larger community is no longer among any of the major motives for cranking out papers. Frankly the system punishes those who would compile and distill the huge number of obtuse and often stupid articles into a useable form for us rank and file engineers. Such useful efforts are not "new and novel", despite what would be a great service for those of us doomed to wade through the stacks and stacks of crap papers written in acadamia-ese.
In my job, a hardware design engineer, I find that most of the modern papers are indecipherable and irrelevant at best. Only occasional gems make it through and actually apply to my day job (of designing state of the art T&M hardware). By contrast, the old journals from the 70's and 80's easily have a 10:1 better signal to noise ratio, despite their dated nature.
One of the major problems with scientific journals and the peer review process is that we have a positive bias for publication, in that you are much more likely to be published if your study has positive results than if it has - equally valid so as not to have everybody else keep doing the same thing and failing - negative results.
Half of getting into Science and Nature is politics, not science.
And just TRY to get something published about improved methodology in statistics for genetics studies ... hah! You have to publish in obscure journals or start your own self-publishing annual or biannual workshop and then attach it to a positive study to get it out there.
-- Tigger warning: This post may contain tiggers! --
Not only that, it's even worse (though I agree completely with what you said). Even if you assume perfect information, Steve Keen has proven that the equilibrium for finite number of companies is always a cartel.
The classical argument about competition on free market that economists make is wrong, because it at one point relies the assumption that they affect each other so little that it can be neglected, but then they are trying to add up those zeros together. Another possible refutation is that if this argument was true, then the iterated prisoner dilemma would never have a cooperative stable solution.